Patni Computer Systems acquires Zaiq Technologies

Patni Computer Systems acquires Zaiq Technologies

Patni Computer Systems has announced that they are acquiring a US-based ASIC design company Zaiq Technologies.

This deal would be conducted by an asset purchase transaction for $425,000.

Patni is purchasing intellectual property in Application Specific Integrated Circuit (ASIC) design and validation space, active customer contracts and business pipeline along with a sales head and trademarks including other capital assets like hardware and software.

Zaiq would be providing Patni with ASIC capabilities for their PES business unit. Patni would benefit from Zaiq’s technical capabilities and would also get access to Zaiq’s intellectual property for verification and validation.