Alten Calsoft Labs Aims at Three-fold Growth in India

BANGALORE, India, July 12, 2012 /PRNewswire/ --

VLSI, Wireless, Cloud Computing and Analytics to drive growth

Alten Group, the €1.07 billion European leader in technology consulting and engineering (TCE), today announced its plans to achieve three-fold growth taking its India headcount to 2500 engineers by 2016 from the existing 800 engineers. Calsoft Labs, the outsourced product engineering arm of the  Alten Group in India and North America, will lead this growth by strengthening its services offerings in VLSI design, wireless communications, cloud computing and analytics.

Key Highlights

• Alten aims to increase headcount from 800 to 2500 engineers in India by 2016
• ER&D exports cross USD 10 billion, a growth of about 14 % - NASSCOM Report FY2012.
• Calsoft Labs rated in "Execution Zone" in outsourced software product development - GSPR 2012 Report by Zinnov Management Consulting

Calsoft Labs will position its Indian design centers as a major hub to help its global customers achieve greater R&D efficiency by leveraging engineering talent available in India. As a company focused on ER&D, Calsoft Labs brings with it high-end engineering expertise in Automotive, Networking, Media, Education, Healthcare and Life sciences markets. Over the past two years, Calsoft Labs has expanded its expertise to include SOC verification, 3G/4G wireless product development and cloud computing. Moving forward Calsoft Labs aims to make strategic acquisitions in India in areas of VLSI design, wireless communications and big data analytics, to strengthen its expertise in these domains.

The recent NASSCOM Report on Engineering and R&D Services (ER&D) revealed that the engineering design and product development segments in India generated export revenues of USD 10 billion in FY2012; and is growing by about 14 per cent, driven by increasing use of electronics, fuel efficiency norms, convergence of technologies, and localization.

Calsoft Labs is developing product engineering capabilities that will enable them to participate in ER&D across all stages of the product lifecycle, thereby delivering higher value to customers. The latest Global R&D Service Providers Rating (GSPR) 2012 Report by Zinnov Management Consulting has rated Calsoft Labs in "Execution Zone" in outsourced software product development, which reaffirms its ability to undertake complete product development for ISVs.

Commenting on the update, Gerald Attia, Deputy CEO, Alten Group said, "Alten Group has witnessed huge success in outsourced ER&D in European markets. With large global businesses targeting emerging markets, India has become the epicenter for Alten Group's growth, and we are making significant investments in training our employees in specialized areas to be able to leverage the large engineering talent pool that is available in India."    

Ramandeep Singh, CEO, Calsoft Labs said, "Calsoft Labs has been a valued product engineering partner for major OEMs and ISVs for the past two decades. With Alten Group making significant investments in India, Calsoft Labs can look forward to an exciting phase of accelerated learning and growth in new technologies such as wireless infrastructure, cloud computing and BI."

About Calsoft Labs

Calsoft Labs is the product design arm of the €1.07 billion ALTEN Group. Calsoft Labs offers technology consulting and product engineering services globally to equipment manufacturers (OEMs/ODMs), semiconductor vendors, and independent software vendors (ISVs). Calsoft Labs operates state-of-the-art product design and development centers at Bangalore, Chennai and Mysore in India, and Maynard, MA in USA; with sales & support offices worldwide including North America, Europe and Asia. For more information visit http://www.calsoftlabs.com.

For further information, please contact:

Mrinmoy Purkayastha, Calsoft Labs, +91-80-40343102, mrinmoyp@calsoftlabs.com

SOURCE Calsoft Labs India Pvt Ltd.