Product and platform engineering services company Virtusa on Wednesday announced the acquisition of Bengaluru-based SmartSoC Solutions, a semiconductor engineering and integrated circuit design services company. It did not disclose the size of the deal.
The Massachusetts-headquartered company said this strategic acquisition positions it at the forefront of AI and chip design innovation to meet surging demand for advanced silicon.
Virtusa said the integration of SmartSoC, with its expertise in silicon design, verification, and embedded systems engineering, positions it to capitalize on demand for advanced silicon.
“The acquisition of SmartSoC is transformational for Virtusa,” Nitesh Banga, chief executive officer of Virtusa, said in a statement. “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.”
Banga added that as AI models become more complex and data centre investment surges globally, having in-house chip design capabilities will be crucial.
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, Hubli and Hyderabad.
Additionally, the acquisition brings more than 1,400 highly skilled engineers with depth in VLSI, physical design and embedded software.
The existing leadership team of SmartSoc Solutions, led by chief executive officer Bharath Desareddy, will remain unchanged and continue to oversee all delivery programs and client engagements. All current project structures, contractual commitments and service agreements will continue as they are.
“Our combined strengths create a unique market proposition: a comprehensive, end-to-end digital engineering partner with chip-to-cloud capabilities,” Desareddy said. He added that Virtusa’s global scale, deep relationships with Fortune 100 clients, and digital engineering heritage would allow the company to accelerate its growth, expand service offerings, and bring value to the world’s leading semiconductor and technology companies.
The semiconductor and systems engineering market is experiencing unprecedented growth, fuelled by the massive increase in the building of smarter devices and exponentially increasing investments in data centres and AI infrastructure.
