L&T Infotech Acquires 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: email@example.com Contact: 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.
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