ALISO VIEJO, California and BENGALURU, India, September 26, 2018 /PRNewswire/ --
UST Global, a California-headquartered leading digital transformation solutions company, today announced the acquisition of Bangalore-based SeviTech Systems, a fast-growing chip design (VLSI) services company which has emerged as one of the top ASIC design solutions firm in India. The acquisition will bring in the advanced technology and deep end-market expertise of the two companies, delivering advanced end-to-end solutions to global semiconductor manufacturers. The acquisition reinforces UST Global's strength and focus in India, and elevates its position as a world's most premium VLSI solutions provider, and a market leader in pre-silicon engineering.
UST Global's Semiconductor business provides an end-to-end engineering and technology services that support the entire silicon lifecycle for original device manufacturer (ODM), original equipment manufacturer (OEM), integrated hardware vendor (IHV), and ASIC (Digital & Full Custom) Design, Verification & Implementation, FPGA implementation along with embedded software development. With the added capabilities and teams from SeviTech, the company will now be able to cater to the large volume of demand from global semiconductor manufacturers.
Commenting on the acquisition, Gilroy Mathew, Global Head of Semiconductor and Head of APAC, UST Global, said, "Globally, our semiconductor business has seen an inspiring and phenomenal growth over the years. The acquisition of SeviTech is an integral part of our plan to strengthen our Technical Centers of Excellence providing RTL to GDSII solutions to our customers globally. With this acquisition, UST is now placed as a leader with expertise in delivering low power, high-performance chipset solutions for Automotive, Communication, Storage and other industries. The acquisition not only reinforces our VLSI capabilities, but also highlights the company as an industry powerhouse focused on the high growth opportunities in the silicon world."
"The global presence of UST Global coupled with strong ASIC engineering teams of SeviTech Systems positions us to provide innovative solutions to customers worldwide. It enhances our service portfolio and strengthens our position with customers for the end-to-end chip design solutions," said Prabhu Bhairi, CEO & Co-Founder, SeviTech Systems.
To ensure the continued strong growth of SeviTech and a mutually beneficial association for both parties going forward, UST Global will maintain SeviTech as an independent entity and positioning it further as an expert in pre-silicon engineering services business. SeviTech will continue to operate as a subsidiary of UST Global.
About Sevitech Systems
SeviTech Systems was founded in 2013 and is one of fastest growing chip design (VLSI) Services Company, working with top IC design companies. The company has about 350 employees expertizing in end-to-end ASIC (Application Specific Integrated Circuit) design and embedded solutions. SeviTech has RnD centres in Bangalore and Hyderabad. In 2017, the company was recognized as the 50 best startups to work for by Silicon India.
About UST Global
UST Global® is a leading digital technology company that provides advanced computing and digital services to large private and public enterprises around the world. Driven by a larger purpose of Transforming Lives and the philosophy of 'fewer clients, more attention', we bring in the entrepreneurial spirit that seeks the fastest path to value in today's digital economy. Our innovative technology services and pioneering social programs make us unique. UST Global is headquartered in Aliso Viejo, California and operates in 25 countries. Our clients include Fortune 500 companies in Semiconductor, Banking and Financial Services, Healthcare, Insurance, Retail, High Technology, Manufacturing, Shipping, and Telecom. UST Global believes in building long-lasting, strategic business relationships through agile and client-centric global engagement models that combines local experts & resources with cost, scale, and quality advantages of global operations.