Silver Software, a UK-based software engineering services provider, which recently merged with the technology and systems business of Atena Engineering (subsidiary of Assystem Group) in Germany, plans to transfer new engineering capabilities to its Bangalore centre in the coming months. | |
| The privately-held company has development centres in India, UK and Spain with Bangalore accounting for 235 of the total staff strength (350). The Bangalore centre specialises in aerospace, railway signalling, telecom and space-related software engineering. |
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| "Through this merger, we will be gaining expertise in hardware design and system engineering along with an entry into the automotive segment. We intend to shift all the new engineering capabilities that we are acquiring from Atena to the Bangalore centre," Silver Software CEO Parminder Singh said. |
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| The newly-formed company will see Atena holding the majority stake (55 per cent) with the balance held by share holders of Silver Software. |
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| "The driving factor for the merger is to enhance the complementary skill sets of both the companies. We expect the combined sales of the new entity to be Euro 35 million in the first year," he added. |
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| The company also plans to double its headcount globally in three years time and two-thirds of this strength will be located in India. "It is our plan to take the staff strength of the company to 1,000 in three years with Bangalore becoming the hub of our core development activities," Singh said. |
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| Atena Engineering, founded in 1998, has been a subsidiary of the Assystem Group since July 2005. Atena offers systems engineering, software engineering, hardware engineering, safety engineering, real time simulation and test systems. The Technology and Systems division has around Euros 20 million in revenue and 180 employees. |
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| Atena works for the aerospace, automotive and gas turbines industries, with customers like Airbus, Audi, BMW, Bosch and Daimler, EADS, Eurocopter, MTU Aero Engines, Rolls-Royce Siemens PG and ZF Lenksysteme. The projects include BMW Hydrogen 7, Airbus A380, Airbus A400M and the Engine Control Unit of the EJ-200. |
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| According to Singh, the merger will help both the companies move up the value chain. "Our clients are seeking value added services from us. The merger will help us improve our knowledge base," he pointed out and added that it will also help them in securing more orders from various industries. |
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| Silver Software has been providing engineering solutions to Boeing, Airbus, Lockheed Martin, London Underground, Metro Madrid across the entire software lifecycle. |
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| It is also involved in the development of various components of European Rail Transport Management System (ERTMS). |
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| "The combined skills of Atena and Silver Software will help us improve our service offerings significantly apart from tapping new markets," Singh said. |
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