L&T Infotech Acquires GDA Technologies, Inc.

Dec 13, 2006, 00:00 ET from GDA Technologies, Inc.

    SAN JOSE, Calif., Dec. 13 /PRNewswire/ -- Larsen & Toubro Infotech
 Limited, a leading IT consulting and services organization, and a 100%
 subsidiary of the Larsen & Toubro Group, today announced that they have
 signed a definitive agreement to acquire GDA Technologies, Inc., and all of
 its design centers in the US and India.
     GDA, a privately held electronic design firm based out of California,
 USA, is one of the fastest-growing companies in the Silicon Valley. It has
 over 350 employees between its US and India design centers and over 100
 customers in the US, Japan, and India. GDA offers end-to-end design
 solutions in semiconductor product development from IP licensing, Logic
 design and physical implementation for advanced process technologies. This
 is complemented by its portfolio of embedded hardware and software
 development capabilities, providing GDA customers with a complete solution.
     Commenting on the acquisition, Mr. A.M. Naik, Chairman and Managing
 Director, L&T, said, "GDA's electronic design capabilities are a key
 building block in our roadmap towards creating end-to-end solution delivery
 capability for our global customer base. Such acquisitions form an integral
 part of our ambition to create a billion-dollar business in IT consulting
 and services space."
     "This very strategic acquisition of GDA Technologies will help us
 deliver a broad set of chip design and product realization services to our
 global customers, thereby complementing our capabilities in the IT services
 space," said Mr. Vijay Kumar Magapu, Chief Executive Officer, L&T Infotech;
 Whole-time Director and Member of the Board, L&T, which is the parent of
 L&T Infotech.
     GDA will operate as a subsidiary of L&T Infotech and has immediate
 plans to accelerate all its current lines of business. All the three GDA
 founders, A.G. Karunakaran, Gopa Periyadan, and Ravi Thummarukudy, will
 join the L&T Infotech management team and will help drive the Product
 Engineering Service Business. "This agreement enables us to scale the
 business to the next level with the strong process capabilities,
 infrastructure, and investment support from L&T Infotech. This highly
 synergistic combination of GDA's board and chip level complex engineering
 expertise and L&T Infotech's middleware and higher-layer software services
 provide our customers with complete solutions," said A.G. Karunakaran,
 President of GDA Technologies.
     About L&T Infotech
     L&T Infotech (http://www.lntinfotech.com/) is a 100% subsidiary of L&T
 and offers IT/ITES services to global clients in domains such as
 Communications and Embedded Systems, Manufacturing, Energy and
 Petrochemicals, Banking and Finance, and Insurance. The company has
 revenues of over USD 200 million and 7,000+ employees. The company is CMMI
 Level 5, PCMM Level 5, ISO 9001:2000, BS7799 certified and has offices in
 India, the USA, Canada, Denmark, France, Germany, Gulf, Japan, Korea, and
 the UK.
     About GDA Technologies, Inc.
     GDA Technologies, Inc. is a leading Electronic Design Services and
 Silicon Intellectual Property solution provider for the embedded,
 networking, and consumer electronics markets. Founded in 1996, San Jose,
 California-based GDA Technologies has grown into a worldwide organization
 with seven development centers in North America and Asia. GDA focuses on
 designing IC and board level products from concept to implementation and
 catering to OEMs and Semiconductor companies by providing design technology
 services in the areas of SoC/ASIC, FPGA, Board, Embedded Software, and
 Systems Level Design. For more information about GDA Technologies, Inc.,
 please visit http://www.gdatech.com. GDA Media Contact: news@gdatech.com
     Krishna Kumar
     Cell: 510-213-1223
     This release was issued through eReleases(TM). For more information,
 visit http://www.ereleases.com.

SOURCE GDA Technologies, Inc.