L&T Infotech Acquires US-based Electronic Design Services Firm

L&T Infotech Acquires US-based Electronic 

Design Services Firm

 

Mumbai, December 13, 2006: Larsen & Toubro Infotech Limited (L&T
Infotech), the leading IT consulting and services organization, and
subsidiary of USD 4 billion plus Larsen & Toubro Limited (L&T), today
announced that it has signed a definitive agreement to acquire GDA
Technologies, Inc., and all of its design centers in the USA and India.

 

GDA, a privately held electronic design firm based in California, USA,
is one of the fastest growing companies in the Silicon Valley. It has
over 350 employees in the USA and India and over 100 customers in the
USA, Japan and India. GDA has expertise in various semiconductor
developments from front-end design to physical design for deep
sub-micron process technologies. Its portfolio of embedded hardware and
software development capabilities along with the IP licensing provide
GDA customers with a complete solution.

 

Commenting on the acquisition, Mr. A. M. Naik, Chairman & Managing
Director, L&T; and Chairman, L&T Infotech, 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 are an integral part of our strategic plan to
strengthen our presence in the IT consulting and services space."

 

"This 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, L&T Infotech; Whole-time
Director and Member of the Board, L&T.

 

All the three GDA founders will join the L&T Infotech management team
and will help drive the product engineering service business to the next
level. "This agreement enables us to scale up 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 a complete solution," said Mr. A. G. Karunakaran,
President of GDA Technologies. 

 

 

About L&T Infotech

 

L&T Infotech (http://www.Lntinfotech.com/ <http://www.llntinfotech.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 & Petrochemicals, Banking and Finance, and
Insurance. The Company has revenues of over USD 200 million and 7000+
employees. The company is CMMI Level 5, PCMM Level 5, ISO 9001:2000,
BS7799 assessed / certified and has offices in India, the USA, Canada,
Denmark, France, Germany, Gulf, Japan, Korea and the UK.

 


About GDA Technologies



GDA Technologies Inc. is a leading electronic design services and
silicon intellectual property solution provider for 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.

 

Thanks & Regards

  

 

Sonia Kulkarni

Senior Group Head - Corporate I

Adfactors PR Pvt. Ltd.
1st Floor, Shalaka,
Maharshi Karve Marg, Cooperage,
Mumbai - 400 021
Mobile: 98201 84099   
Landline: 91-22-22814202 (D) / 22813565
Fax: 91-22-22813569
Email: sonia@adfactorspr.com  

Website: www.adfactorspr.com <http://www.adfactorspr.com/>