Aricent Names Sudip Nandy as Chief Executive Officer

Ex-Wipro Executive Joins Aricent on the Heels of Record Business Results

Aricent, a global innovation, technology and outsourcing company focused exclusively on the communications industry, today named ex-Wipro veteran Sudip Nandy as Chief Executive Officer. Mr. Nandy will also be appointed to the Board of Directors upon his arrival in October. Aricent’s former CEO Ash Bhardwaj has resigned to pursue other interests.

Previously, Mr. Nandy was the President of the Technology Media and Telecom Business Unit at Wipro, overseeing more than 18,000 people and a revenue run rate of US $1.3 billion per annum.

"Aricent’s recent business performance is a clear indication that the company’s unique combination of global innovation, technology and outsourcing is highly aligned with the needs of equipment manufacturers and service providers worldwide,” said James H. Greene, member of KKR. "We needed a proven global leader to ensure we maximize the tremendous market opportunity in front of Aricent. Sudip’s rich track record and deep domain expertise in the communications and outsourcing industry make him a perfect fit, and we’re excited to have him join the Aricent team."

Mr. Nandy also held positions as Chief Executive of the Telecom and Product Engineering Solutions Business Unit and Chief Strategy Officer at Wipro, responsible for setting and driving the strategic direction of Wipro Technologies globally, including mergers and acquisitions. He successfully completed nine M&A and two JV transactions in a two year period. Before returning to India in mid 2004 Mr. Nandy also headed the European Sales and Operations of Wipro based in London. Mr. Nandy worked in Silicon Valley for the better part of the 90s, first heading the R&D Services and Technology Business of Wipro in the US, and subsequently as the Vice President of Product Development and Marketing at a Silicon Valley start-up which was acquired by Wipro. He has an extensive understanding of both the technical and business imperatives of the outsourcing and communications industries, as well as the hi-tech and design services business.

Mr. Nandy has a Bachelors Degree in Physics with Honours from Indian Institute of Technology, Kharagpur and another one in Electrical Technology and Electronics from the Indian Institute of Science in Bangalore. He is also holds an MBA from the Indian Institute of Management in Ahmedabad. Mr. Nandy has been an active member of the Institute of Directors, and is an active member in the Global Executive Forum of the Economist Intelligence Unit.

“There is a fundamental shift happening in the communications industry as equipment manufacturers and service providers look for more innovation and deeper domain expertise from their strategic suppliers,” said Sudip Nandy. “Aricent is very well positioned for this transition, and to capitalize on a market worth tens of billions of dollars. I’m thrilled to join this team at this time and look forward to adding to the company’s success.”

Aricent’s investors include leading firms Kohlberg Kravis Roberts & Co. (“KKR”), Sequoia Capital, Flextronics International Ltd and The Family Office.

To learn more about Aricent, refer to http://www.aricent.com/en/about_aricent.html

About Aricent
Aricent is a global innovation, technology and outsourcing company focused exclusively on communications. Aricent combines the leading innovation capabilities of frog design with unparalleled domain expertise in communications gained as a strategic supplier to the world's foremost infrastructure, application and service providers. The company is owned by Kohlberg Kravis Roberts & Co., Sequoia Capital, The Family Office and Flextronics International Ltd. and has more than 550 clients worldwide. For more information, visit www.aricent.com.