Contact Center Industry News

TMCNet:  Cadence acquires Bangalore-based Cosmic Circuits [India Business] [Times of India]

[February 12, 2013]

Cadence acquires Bangalore-based Cosmic Circuits [India Business] [Times of India]

(Times of India Via Acquire Media NewsEdge) BANGALORE: Cosmic Circuits, the Bangalore-based provider of semiconductor IPs (intellectual property), has been acquired by Cadence Design Systems, the US company that provides software tools to design integrated circuits and printed circuit boards.

The value of the deal was not disclosed. Cosmic was founded in 2005 by Ganapathy Subramaniam, who had previously worked in semiconductor major Texas Instruments for 16 years.

The company has over 300 IPs in what is called the analog and mixed signal circuit space. Every year some 75 million chips are shipped with Cosmic IPs. Analog and mixed signal chips (the latter combines analog and digital circuits on a single chip) are present in almost every electronic product. Analog chips are what read and process speech, music, video, light, pressure, temperature.

Martin Lund, Cadence's senior vice president of R&D, told TOI that Cosmic's IPs would help Cadence offer customers a more complete selection of IPs for mobile devices and automotive infotainment. "Their low-power IP solutions will also be relevant in the area of internet-of-things that we are increasingly getting into," he said. Internet of things refers to the trend of making everyday machines and devices talk to each other, and be controlled through the internet.

Lund said customers prefer single solutions, and the objective would be to integrate Cosmic IPs with Cadence IPs to offer more complete solutions. Rival Synopsys currently has the most number of IPs in the analog and mixed signal space.

Subramaniam said the IP business had become very competitive with a lot of players, and a consolidation was inevitable. Asked about the value of the deal, he declined to provide a figure, but said it was a "very good exit". "It shows that high tech IP companies of high value can be created in India," he said. Srini Rajam's Ittiam is another Bangalore-based company that is strong in semiconductor IPs.

Subramaniam, who grew up in Sivakasi in Tamil Nadu and Bangalore, will continue to be in business. Cosmic had an integrated circuit (IC) design business as well, which has now been transferred to a new company called Cirel Systems where Subramaniam and other shareholders in Cosmic will be the main shareholders. This business ships about 2 million chips a month.

About 100 of Cosmic's 150 employees will move to Cadence and the remaining will now be in Cirel. Most of Cosmic's management team also moves to Cirel. "We will focus on developing full chips," Subramaniam said.

(c) 2013 Bennett, Coleman & Company Limited

[ Back To Cloud Contact Center's Homepage ]


Featured Resources

Featured Report
Millennial Research on Customer Service Expectations

Millennial Research on Customer Service Expectations

The "why" behind this research is simple: our clients recognize that different generations bring different expectations, varied communication preferences and new customer service patterns to the customer experience...
Featured Report
Optimizing the Customer Experience through Cloud Contact Centers

Optimizing the Customer Experience through Cloud Contact Centers

Adoption of cloud contact centers is on the rise. Findings from Aberdeen's January 2014 'Public Cloud vs. On-Premise: How to More Effectively Deploy a Cloud Center' study shows that 31% of contact centers are deployed in the cloud, and our related blog post highlights that companies anticipate their adoption of cloud technology to rise further throughout 2014...
Featured Report
Aberdeen report

Aberdeen Report: Cloud for Mid-Sized Contact Centers – What You Must Know

Cloud Technology is opening new doors for many businesses. However, it does so only when it's combined with the use of best practices and key technology enablers. This document highlights the adoption of cloud technology by mid-size contact centers and illustrates the reasons driving their investments...
Featured Whitepaper
Aberdeen report

Seven Critical Capabilities to Demand From Your Cloud Contact Center Provider

To deliver a world-class customer experience, your contact center must be flexible and reliable, while providing all the tools agents and supervisors need to manage their workflows. Here are seven critical capabilities to look for when deploying a contact center in the cloud...
Featured Webinar

Contact Center Economics and the Cloud

Together, Bob and Drew will help you understand the economic value of upgrading technology, important business and financial considerations, and how to compare total cost of ownership of a premises vs. cloud or hosted solution. Watch the webinar on-demand now...
Featured Datasheet
Zipwire Cloud Contact Center

Zipwire Cloud Contact Center

The appeal of moving services to the cloud is obvious. Cloud services offer reliability and robust feature sets without the need to implement or maintain complex contact center infrastructure. The Zipwire™ cloud-based contact center allows businesses to leverage the flexibility and cost savings of cloud architecture while offering a seamless, first-class customer experience...