Flextronics to Acquire FutureSoft

FutureSoft has signed an agreement to be acquired by Flextronics

September 1, 2004

1 Min Read

CHENNAI, India -- FutureSoft, a leading provider of communication software and services today announced that it has signed an agreement to be acquired by Flextronics, the world’s leading Electronic Manufacturing Services (EMS) provider.

FutureSoft is a leading provider of communication software products, services and solutions, such as IP Switching/Routing, Broadband access, and Wireless/Wireline applications, to the global communications industry. The company’s customers include several leading communication companies and network equipment manufacturers.

In addition to providing its customers with a single-point solution any stage in the product development process, FutureSoft’s product portfolio includes a range of protocol stacks for technology domains including LAN, WAN, IP, Internetworking, ATM, Telecom Signaling and Network Management.

The convergence of hardware and software expertise that this acquisition brings both companies will open up significant opportunities to cross-sell respective products and services to a complementary customer base.

“The integration of FutureSoft’s datacom and networking products and services into Flextronics’ established Design Services group will move us another step forward in strengthening the design services and ODM products we offer our customers,” stated Ash Bhardwaj, President of Flextronics’ Design Services and ODM Products Group.

K. V. Ramani, Chairman and CEO of FutureSoft said, “We are excited to be joining a leader in communication equipment design services and manufacturing. Being part of a nimble, aggressive, global leader will provide tremendous opportunities and growth. Additionally, we will be able to deliver greater customer value, enabling us to scale and grow the business globally.”

Future Software Ltd. (FutureSoft)

Flextronics Corp.

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