Flextronics has agreed to acquire FutureSoft, a supplier of communication software for network equipment OEMs, for an undisclosed sum. FutureSoft’s product portfolio includes a range of protocol stacks, including LAN, WAN, IP, Internetworking, ATM, Telecom Signaling and Network Management software suites. FutureSoft employs 524 software engineers and is expected to generate about $23 million in revenues for its fiscal year ending March 2005.
FutureSoft is headquartered in Chennai (Madras), India with subsidiaries in the U.S. and the U.K. http://www.futsoft.comhttp://www.flextronics.com
- In June 2004, Flextronics agreed to acquire Hughes Network Systems’ entire ownership stake of fifty-five percent (55%) in Hughes Software Systems (HSS), a leading provider of software products and services to telecom infrastructure companies, for a total cash consideration of approximately US$226 million (Rs547 per share). HSS, which is based in India, provides convergent software solutions for fixed and mobile networks for both voice and data. Its products and services span a variety of domains, such as optical networks, wireless networks, satellite networks, switching systems, convergent networks and broadband networks. HSS’ product portfolio includes protocol stacks and value-added frameworks and are comprised of licensable technologies focused on Voice over Packet (VoP), SS7, broadband and wireless (GPRS/UMTS) products that provide customers with open architecture solutions.