Cyient Acquires a U.S. Firm, Signs Licensing Agreement with Another

IT major Cyient, headquartered in Hyderabad, India, entered into a definitive agreement to acquire 100 percent equity in the New Britain, CT-based B&F Design Inc., for an undisclosed sum. This acquisition will strengthen Cyient’s aerospace and defense service offerings, by adding Design, Build and Maintain capabilities centered around Tooling and Precision Engineering.

Cyient holds a strong cash position of $155 million and will continue to look for acquisitions that will enable the company to realize its goal of industry-leading growth, reports the Economic Times.
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Cision reports that Cyient signed an exclusive software licensing agreement with Elpis Squared a startup software company based in Portland, OR.  The partnership will combine Cyient’s data governance management solution—Intelligent Data Management Solution —with Elpis’ innovative RE|Grid platform to enhance the role of data in supporting electric utilities’ Advanced Distribution Management Systems and Asset Management programs. The joint solution launches at a critical time when utilities are deploying Advanced Metering Infrastructure enabling large-scale data validation using machine-learning and analytics.
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Posted on by Gunjan Bagla
Gunjan Bagla
California-based management consultant Gunjan Bagla runs Amritt, a consulting firm helping American companies to succeed in India. Amritt is the trusted advisor for India market research, India business development, India market entry, Global Engineering, Global Technology Scouting, India R&D and Open Innovation. Gunjan is author of "Business in 21st Century India: How to Profit Today from Tomorrow’s Most Exciting Market" (Hachette Book Group, 2008), Amazon's top rated title on the subject. He has appeared as the India Expert on BBC Television, Bloomberg TV, Fox Cable Business and has been quoted in the New York Times, the Los Angeles Times, the Hollywood Reporter and Business Week for his expertise on India.

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