Flextronics buys Deccanet

BANGALORE: Software and hardware design services provider, Deccanet has been acquired by Flextronics. Focussed on telecommunication, Deccanet offers products and intellectual property in the core areas of telecom and test automation. It also possess expertise in building carrier class systems with present workforce of about 300.

Founded in 1994, Deccanet develops telecom infrastructure products to OEM clients and provides design services in infrastructure and mobile handhelds to clients worldwide. With research and development, the company has been building test automation tools that help shrink the development cycle, resulting in faster time to market.

Ash Bhardwaj, President, Flextronics Design and ODM Services, said, "Flextronics is very serious in its India design initiative. The addition of Deccanet will strengthen our ODM and Design services offering in the area of carrier-class communication products and services."

Venkat Rajendran, co-founder and CEO of Deccanet said, "We are extremely pleased to be associated with Flextronics. This provides us global platform to extend and create high value for our customers. It allows us to fully leverage the Deccanet team's proven strengths in telecom software, hardware and products for communication industry."

Deccanet's early investors included GVFL Ltd, TDA Capital Partners, and Intel Capital. The acquisition has obtained all the necessary regulatory approvals.