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eInfochips sets sights on buyouts in India, U.S.
By siliconindia
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Saturday, 09 February 2008, 19:59 IST
Mumbai: eInfochips, an Ahmedabad based provider of 'spec-to-silicon-to-system' electronic design services, is planning to make a high-speed growth during the next financial year, reported Business Standard.
To bring more design services under its roof, the company will soon start scouting for two semi-conductor companies, preferably engaged in two verticals - mixed signal design and physical design or chip layout - in India and the U.S.
"We will be looking at companies having a set-up of 20 to 50 people specializing in mixed signal design and physical design," said Pratul Shroff, chief executive of eInfochips.
While the financials would be worked out at a later stage, the company is expected to earmark around $2 to $10 million (Rs 8 crore to Rs 40 crore) for the purpose. The modus operandi of raising the required funds is yet to be decided. It is keeping various options open, including a private equity placement, depending on the size of the deals.
"Our vision is to be a complete design services company. We would possibly look at the private equity route, if not now then for our future expansion plans," said Shroff.
The company has just launched a new division called ennovate Technologies dealing with software technology, collaboration, healthcare and web applications space.
The move to create a new division, according to Shroff, came about as revenues from its software portfolio had become a strong revenue stream on its own, attracting customers specifically for software solutions.
