SmartSoC officialy announces in its X handle, 'SmartSoC is now officially a Virtusa company, marking a defining moment in our organisation’s journey!'
Credit: X/@smartsocs
Bengaluru: Virtusa Corporation, a product and platform engineering services company, on Wednesday announced the acquisition of SmartSoC Solutions, a Bengaluru-based company in semiconductor engineering and integrated circuit (IC) design services.
This acquisition marks a pivotal moment for Virtusa, immediately expanding its industry portfolio to include the high-growth semiconductor sector and completing its full-stack, end-to-end service capabilities, spanning the entire digital technology ecosystem from the chip to the network, cloud, and application layer.
The acquisition also establishes Virtusa’s semiconductor engineering footprint in India and strengthens its global delivery capabilities by integrating SmartSoC’s engineering presence across Bengaluru, Hubballi and Hyderabad, including a significant tier-2 delivery centre in Hubballi.
Virtusa CEO Nitesh Banga said, “The acquisition of SmartSoC is transformational for Virtusa. It immediately establishes us as a key player in the high-growth semiconductor engineering space, completing our vision for a full-stack offering that can serve clients from the foundational silicon layer all the way through to the customer application. As AI models become more complex and data centre investment surges globally, having in-house chip design capabilities is crucial."
The existing leadership team, led by Chief Executive Officer Bharath Desareddy, will remain unchanged and continue to oversee all delivery programmes and client engagements. All current project structures, contractual commitments and service agreements will continue as they are, Virtusa said.