Ness Technologies (Nasdaq: NSTC) has announced the establishment of an extended development center (EDC) with Pulsic Ltd., an electronic design automation (EDA) company headquartered in Bristol, UK, that delivers integrated physical design solutions for analog, mixed signal and custom digital design, particularly for the high volume integrated circuit (IC) and memory markets. The new development center is located at Ness's facility in Bangalore, India.
The establishment of the new center is a part of a three-year, multi-million dollar contract between Pulsic and Ness Technologies. Pulsic has committed to the market in India by establishing an R&D team in Bangalore, working with Ness Technologies. Ness helped Pulsic to establish the team and will assist Pulsic's R&D efforts in India with the necessary infrastructure and know-how, to build a best in class center of excellence.
"Integrated circuit EDA development requires advanced and specialized engineering skills, and the selection of Ness Technologies by Pulsic is a testimony to the quality and professionalism of Ness' expertise and experience," said Balram Pal, Senior Vice President and Managing Director, Ness UK. "We are committed to leveraging our capabilities to provide the highest quality services to our customers."
"Ness is an ideal fit for Pulsic. We have aggressive plans to accelerate product development and increase geographic reach to meet our growth plans. India has an abundance of outstanding engineers, and Ness EDC provides Pulsic with the right mix of processes and additional senior management capability to build a productive team quickly and hasten product development," said Pulsic CEO Ken Roberts.
Published by Globes [online], Israel business news - www.globes.co.il - on June 29, 2006
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