Cyient acquires Certon Software; enhances safety-critical products portfolio

Cyient, an IT consulting and software company, acquired US-based Certon Software, the fifth of its kind in the last three years. Earlier, in January 2017, the stock of Cyient had jumped 6 per cent intra-day when its subsidiary, Cyient Inc, USA, had signed the agreement to acquire Certon. Before this, Cyient had acquired England-based geospatial services provider, Blom Aerofilms Ltd in November 2016.

With the acquisition, Certon will become a wholly-owned subsidiary of Cyient. The said acquisition will enable time and risk efficiency majorly for the safety-critical products of its medical, aerospace and transportation clients.

Certon will add unique, model-based systems, engineering tools and test automation capabilities for Cyient’s safety-critical embedded systems, software and electronic hardware. Thereby, Certon is set to strengthen Cyient’s existence in avionics market and support manufacturing services.

Certon’s revenue saw a growth of 17.7 per cent to USD 7.3 million in 2015, as against USD 6.2 million in 2014. Certon's current year’s revenue run rate stands at USD 6 million. Cyient’s FY16 revenue in dollar terms stands at 472 million.