Business Standard

Tuesday, December 24, 2024 | 02:55 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Cyient acquires Certon Software in fifth deal in under three years

Certon, with $6 mn in revenue, is an IP-led provider of full product life-cycle engineering services

Cyient acquires Certon Software
Premium

Dasarath Reddy Hyderabad
Cyient Limited on Tuesday said its wholly-owned subsidiary Cyient Inc has signed a definitive agreement to acquire 100% of the shares of Certon-based in Melbourne and Florida.

Certon Software Inc is an IP-led innovative provider of full product life-cycle engineering services to companies seeking certification approval for safety-critical systems, embedded software, and electronic hardware. Cyient did not disclose the deal value.

Incorporated in 2006, Certon employs a core team of around 45 people, with revenue at current run rate of $6 million. This is Cyient's fifth acquisition in the last two and half years as part of its design-build-maintain strategy.

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in