Kpit Cummins and Renesas Technology to establish Dedicated Off-Shore Development Center at KPIT Cummins in India

Kpit Cummins Infosystems Ltd has announced that the Company and Renesas Technology Corp. on October 03, 2006 announced Renesas has established a dedicated off-shore development center (ODC*) at the Company to strengthen its development and design capabilities. The Company will increase the number of engineers assigned to the facility to more than 500 in three years.

Renesas has been actively expanding and enhancing its own global development and design operations and utilizing outsource design work for developing sophisticated multi-function System-on-Chips (SoCs) with a high level of design capability. The outsourcing business in India has grown substantially in recent years. In November 2004, Renesas Technology started outsourcing semiconductor software and hardware design to the Company. Since then, the Company has executed design work for Renesas in a number of areas, including SoC products for use in digital consumer electronics, analog circuit designs employing high-level technology, and embedded software. Through a close relationship during the last two years, both Companies recognized a value in strategic partnership and Renesas has decided to establish its first ODC at the Company. Currently, approximately 100 the Company engineers are engaged in design work for Renesas.

The Company will increase the number of engineers assigned to the facility to approximately more than 500, enabling technology design of the highest quality. It is anticipated that these developments will enable Renesas Technology and the Company to deliver high-quality products incorporating advanced technology tosystem developers more quickly than ever before.

Expressing his pleasure, Kishor Patil, CEO and Managing Director, of the Company, informed, "This is a very important milestone in the 15 year history of KPIT Cummins. We are proud to be associated with Renesas for many years now. Semiconductor and automotive are key thrust areas for KPIT Cummins and we aim to be global leaders in this space. Japan is an important market for realizing our goal."

The long-term commitment & confidence shown by Renesas is a testimony to our relationship based focused business model. This partnership enables us to create a strong synergy of Auto & VLSI domain, we are sure that this combination will be a major growth driver for KPIT Cummins. We look forward to co-creating value with Renesas through our global engagements in the areas of Embedded Software, Cross Development Tools for Renesas processor families, SoCs Design & verification services for both Digital, Analog / Mixed Signal domains based on the Renesas Technology Roadmap. This is probably one of the largest 3rd party outsourcing agreements."

Source : Equity Bulls

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