ALTEN Calsoft Labs, a global Product Engineering and IT consulting leader, today announced that it has acquired substantially all the Technological Software Business division of ASM Technologies Ltd. and its subsidiaries. ALTEN Calsoft Labs is a 100% subsidiary of ALTEN Group and specializes in helping global enterprises solving its business challenges with the usage of technology. This acquisition will expand ALTEN Calsoft Lab’s Enterprise IT offerings, particularly in the areas of BI & Analytics solutions, Technological software and Cloud computing; adding specialized capabilities in the High-tech, Retail, Telecom, and Manufacturing verticals.
The acquisition will add more than 750 consultants to the rapidly growing Enterprise Technological business unit.
Commenting on the acquisition, Gerald Attia, Deputy CEO at ALTEN Group, said, “Inorganic growth being a part of our core strategy, we continue to acquire companies in the area of SMAC, Digital Transformation and IoT. ASM Technologies Ltd.’s Enterprise Technological Software Business is an ideal fit for ALTEN Calsoft Labs with the vision of creating a new age digital transformation services platform that combines the capabilities in Cloud, mobility, analytics and product engineering and enable rapid growth in the coming years.”
“This acquisition is another achievement towards our vision of positioning ALTEN Calsoft labs among the leading Enterprise Product engineering and IT service providers by enabling our customers to develop competitive advantages through optimized business processes and superior consumer experience,” notes Ramandeep Singh, Chief Executive Officer of ALTEN Calsoft Labs. “ASM Technologies Ltd. has achieved outstanding success over recent years, and I look forward to working with its high-performance team to deliver even greater value to customers. I am extremely excited to welcome them to the growing ALTEN Calsoft Labs team.”
“We have reached a stage where we feel that there is an opportunity to provide customers of our Enterprise Technological Software division broader range of offerings. We are confident that under the leadership of ALTEN Calsoft Labs, customers of our Enterprise TS division will get benefitted by their broader capabilities, including next generation technologies. This move will help ASM to scale its Engineering services and Product Engineering services and to step up our efforts towards ARISE (ASM Research & Innovation Step for Excellence) which focuses on driving innovation and creating IP assets to suit industry specific needs of our customer,” explains Rabindra Srikantan, Managing Director at ASM Technologies Ltd.
