Wipro Limited, the leading global information technology, consulting, and business process services company on October 13, 2020, announced that it has signed a definitive agreement to acquire Eximius Design, a leading engineering services company with strong expertise in semiconductor, software, and systems design for USD 80 million (about Rs 586.3 crore).
Eximius was founded in August 2013 and is headquartered in San Jose.
Eximius Design has around 1,100 employees and had registered consolidated revenues of USD 35 million in 2019.
Eximius Design is an engineering services company focused on ASIC design, FPGA design, Systems, and Software engineering. Eximius has design centers in India and Malaysia and its client list includes Fortune 100 enterprises and high profile startups.
Eximius blends the product development experience of its leadership team with the customer focus of its highly skilled engineers to deliver End-to-End Solutions and Services from “Concept to Launch”. As part of its engagements, Eximius has led the development, from inception to productization, of hundreds of designs spanning across the technology industry.
Eximius provides end-to-end solutions and services for building smarter, smaller, and faster-connected products for various use cases of IoT, Industry 4.0, Edge Computing, Cloud, 5G, and Artificial Intelligence. Their expertise spans across SOC, IP, ASIC, FPGA, Hardware System, and Software domains.
Harmeet Chauhan, Senior Vice President, Industrial & Engineering Services, Wipro Limited said “Eximius enables Wipro to strengthen market leadership in VLSI and systems design services by expanding our market presence and strengthening our technical leadership in the semiconductor ecosystem, to help accelerate silicon innovation for our customers. We are pleased to welcome Eximius’ employees and look forward to helping our customers innovate at scale and deliver next-generation connected products, faster.”
Jay Avula, CEO, Eximius Design said “Our customers, employees, and the entire semiconductor ecosystem will tremendously benefit from the synergies of Eximius and Wipro’s combined portfolio of offerings. Clients will gain access to Wipro’s global scale and offerings, along with Eximius’ innovative solutions to accelerate the adoption of ASIC, FPGA, systems, and software engineering initiatives. We are pleased to become a part of the Wipro family.”
Eximius’ offerings and solutions will be consolidated as a part of Wipro’s EngineeringNXT framework, providing customers with a platform to innovate and engineer the next generation of products and platforms at scale.
The acquisition is subject to customary closing conditions and regulatory approvals and is expected to close in the quarter ending December 31, 2020.