InSemiTech Acquires Ambit Semiconductors and Semtosys

As per the business deal, J Saseendra, Founder and CEO of Ambit Semiconductors, will join the leadership team of InSemiTech
  • BY Jaspreet Kaur

    Feature Writer, BusinessEx

  • |
  • May 07,2020
  • |
  • 15 Mins Read

The Corona-led crisis is testing the ability of businesses to keep themself afloat. This adversity is diverse from the last financial crisis that had occured during 2008-09. Unlike then, the current situation does not permit individual business and companies to operate in a traditional way because of the threat of the deadly contagion. To sustain one’s business, entrepreneurs are restrategising their products and making it more user-friendly. Alongside that, numerous business deals--merge and acquisition and bridge funding rounds--are held by the companies. 

In similar vein, the Bengaluru-headquartered R&D and engineering firm, InSemiTech has fortified its expertise and market leadership by acquiring two firms--Ambit Semiconductors Pvt. Ltd. and Semtosys Pvt Ltd, reported Press Trust of India.  

Ambit’s acquisition will enhance InSemiTech's Research and Development (R&D) skills to stimulate innovation and fortify offerings to the customers. As per the business deal,  J Saseendra, Founder and CEO of Ambit Semiconductors, will join the leadership team of InSemiTech. While acquisition of Semtosys, which is a leading service provider in the foundation IP and semiconductor segment, will strengthen the Bengaluru-based company’s leadership in these areas. 

"As the world is witnessing the biggest business transformation since the industrial revolution and digital technologies are disrupting the way people live all across the globe, we see great potential for our solutions in electronics design, automation, platform design and embedded technologies. As organizations are striving to ensure business continuity in the current conditions, we witnessed an upsurge in demand for our solutions," Arup Dash, CEO of InSemiTech, said in InSemiTech’s official statement. 

"With the current growth rate, we expect to double our size and revenue by the end of 2020. I strongly believe these acquisitions will be a key catalyst in achieving our business goals and a great advocate in our vision to accelerate product innovation for our customers," Dash added. 

Acquisitions will Help Gain Expertise and Technological Development

With these acquisitions, the Bengaluru-based company will cater to the demands of the customers. Further, it will enable technological development along with expertise in embedded technologies and semiconductor. 

"Ambit's passion to innovate in Semiconductor & IP Design will get new strength by combining with InSemiTech. It is through innovation and value addition as a company Ambit distinguishes itself from the competition. We are excited to operate jointly with a company that deems in success through customer satisfaction, transparency and values," J Saseendra, CEO of Ambit, said.

InSemiTech primarily develops technology solutions that help businesses, as well as consumers, to amalgamate their physical and digital realms. It also enhances adoption of technology and simplify it for everyday life. It specializes in electronics design and automation, platform design and embedded technologies.

Since its establishment, the company has been focusing on the technologies that aid in operating Cloud Computing, Big Data and Internet of Things. By gaining expertise and comprehending electronics value chain and digital technologies, it forms innovative products that give a competitive edge. 

Other Deals Occuring in Business Ecosystem 

According to The Economic Times’ report, the IT giant, Cognizant Technology Solutions proclaimed to acquire Collaborative Solutions, a private consultancy that specialises in Cloud applications for finance and human resources.

With this deal, the IT giant will be making its fourth acquisition in the cloud services segment. The business transaction is anticipated to seal by the second quarter (Q2)of fiscal 2020.

 The American IT giant has been acquiring firms since the beginning of the year. In February, it acquired French operations of EI-Technologies, a Salesforce-focused digital consultancy, and also, purchased Code Zero Consulting in the same month. In the following month, it had inked a transaction to buy Lev, a digital marketing consultancy.

Ride-hailing firm, Uber has lately infused $170 million in scooter and bike-sharing company, Lime. With this deal, the two companies form a deep tie and have begun sharing economy platforms.

According to the transaction, the cab aggregator will transfer its Jump electric bike and scooter operations to San Francisco-based startup  while offering  micromobility services on its application.

"Today's announcement means that riders around the world will have even more integrated micromobility options at their fingertips, making car-free travel easier than ever before," The Economic Times reported citing the two firms’  joint statement  

"In almost all markets where Lime and Uber operate, users will be able to turn to both the Lime and Uber app to unlock world-class products and services," the firm added.

Please add your Comment

More from Jaspreet Kaur

Our Group Companies

Get Industry First Insights

Sign up for our exclusive Newsletter

  • Follow BusinessEx
Stay tuned & get updated