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Cyient to acquire Certon Software Inc.

By Niranjan Mudholkar,

Added 25 January 2017

Will strengthen Cyient’s Aerospace business by adding unique model based systems engineering tools and test automation capabilities

Cyient Limited ("Cyient") through its wholly owned subsidiary Cyient Inc, has signed a definitive agreement to acquire 100% of the shares of Certon.

Based in Melbourne, Florida, USA, Certon is an IP led innovative provider of full product life-cycle engineering services to companies seeking certification approval for safety-critical systems, embedded software, and electronic hardware.

Incorporated in 2006, Certon employs a core team of around 45 people, with revenue at the current runrate of ~$6Mand sustainable low double digit EBITDA margins.

Certon also has strong Field Programmable Gate Array (FPGA) and System on Chip (SoC) full product life-cycle capabilities and continues to build IP tools for various portions of the avionics value chain, especially independent verification & validation (V&V). Through its differentiated automation platforms, Certon is able to provide significant cost and time to market benefits.

Certon also brings in a strong team of technical and domain experts in Avionics led by Timothy Stockton. This is Cyient's fifth acquisition in the last two and a half years as part of its Design-Build-Maintain strategy. Cyient has a strong cash position of $127M and will continue to look for acquisitions that will enable it to achieve itsgoal ofindustry-leading growth.

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