Infogain Recognized as 3rd Fastest Growing Company in Everest Group’s Engineering Services Top 50™ 2020

Infogain, a Silicon Valley based digital platform and software engineering company­, is pleased to announce that it ranked 3rd in revenue growth and 32nd overall in Everest Group’s Engineering Services Top 50™ 2020, a global list of the 50 largest providers of outsourced engineering services. In addition, ChrysCapital-backed Infogain’s buys of Microsoft (NASDAQ:MSFT) Azure Expert MSP Silicus Technologies and strategy and design firm Revel Consulting featured in the report’s list of key acquisitions made by engineering companies in 2019.

Third-party providers were evaluated and ranked based on their CY 2019 engineering services revenue and year-on-year growth. This is the second year Everest Group has released an Engineering Services Top 50™ list, with this year’s Top 50™ accounting for $45.9 billion in revenue as compared to $40.5 billion in CY 2018.

Infogain was credited for offering key engineering services across select verticals, including Software Products, Computing Systems, Consumer Electronics, Healthcare & Medical Devices, Industrial & Energy, and Automotive.

Ayan Mukerji, President and Chief Operating Officer at Infogain, said, “We are pleased to make Everest Group’s Engineering Services Top 50™ 2020 list and to be recognized as 3rd for revenue growth. 2019 was a great year for us: we closed several large deals and joined hands with two outstanding companies offering niche, high-value-add services. This ranking is a great testament to Infogain’s software engineering expertise and relentless commitment to delivering value to our customers.”

The Top 50™ list helps enterprises get a better sense of the global third-party engineering services landscape, make more informed sourcing decisions, and identify new ways to leverage third-party engineering services providers. This list also helps service providers make better assessments of their competitive positions compared to their peers.

The Everest Group Engineering Services Top 50™ 2020 report can be viewed here.

About Infogain

Infogain is a Silicon Valley headquartered company with digital platform and software engineering expertise in the travel, retail, insurance, healthcare, and high technology industries. We accelerate design-led transformation and delivery of digital customer engagement systems and platforms. Infogain engineers business outcomes for Fortune 500 companies and digital natives using technologies such as cloud, microservices, robotic process automation, IoT, and artificial intelligence.

A ChrysCapital portfolio company, Infogain has offices in California, Washington, Texas, London, Dubai, India, and Singapore, with delivery centers in Austin, Kraków, New Delhi, Bangalore, Pune, and Mumbai.

Has Intel completed Wind River acquisition?

Intel has completed its purchase of Wind River, which builds software for smartphones and other devices.

The acquisition is costing Intel $11.50 a share in cash for a total price tag of around $884 million, Intel said Friday. Wind River is now a wholly owned subsidiary of Intel, reporting to the chipmaker's Software and Services Group.

By scooping up Wind River, Intel hopes to carve out a greater chunk of the mobile device market. Wind River designs operating systems and other software for cell phones, portable Internet devices, consumer electronics, and in-car "infotainment" systems. With such diverse customers as Sony, Verizon, Motorola, Boeing, and NASA, Wind River has its hooks in the automotive, aerospace, and telecommunications industries.

"The acquisition will deliver to Intel robust software capabilities in embedded systems and mobile devices, both important growth areas for the company," said Renee James, an Intel vice president and general manager of the company's Software and Services Group.

The purchase of Wind River also moves Intel further into software as an added source of revenue.

Though now owned by Intel, Wind River said it will continue to develop applications for its current customers. The company expects to pick up sales and new customers with access to Intel's technology, brand, and global sales force.

Intel first announced its decision to buy Wind River on June 4.

CNET.com

Texas Instruments to layoff 400 employees in Philippines

Texas Instruments, one of the world's biggest semiconductor manufacturers, is laying off 400 workers from its factory in the northern Philippines due to the global financial crisis, officials said.

The Labour Department's assistant regional director Sixto Rodriguez said the US-based company had notified the government of the cuts that will take effect on January 15, 2009.

He said the company has assured the government that it will give the laid-off employees all the necessary benefits and is offering them early retirement.

Company spokesmen would not comment however.

Texas Instruments employs about 2,300 people in its plant in the northern resort city of Baguio where it makes semiconductors -- conductive elements used in electronic circuits -- mostly for phone maker Nokia. It is the biggest taxpayer in the region.

The company has been operating in the Philippines for 28 years and was one of the pioneers of the electronics industry which has become the biggest export sector in the country.

Texas Instruments announced in May 2007 that it would invest around one billion dollars in a new test and assembly facility at the former US Airforce base at Clark, north of Manila.

The company would not comment on the fate of that plant in the face of the economic contraction that is hitting many countries.

The Baguio facility conducts final assembly and testing of semiconductors for customers in computer, aerospace, telecommunications and automotive industries in the US, Asia and Europe.

Press reports earlier said that Lear Automotive Services, a maker of automotive wire harnesses for export, was laying off 80 workers from its plant in the central Philippines.

Source: Agencies