Sasken announces acquisition of Integrated SoftTech
Solutions

Addressing the media, Rajiv Mody, Chairman and CEO, Sasken said, “We are very glad to announce our acquisition of Integrated SoftTech. We see an excellent strategic fitment with their operations. Their focus has been on providing embedded and enterprise solutions for customers in the VoIP, WLAN and Networking markets, along with a complete set of product life cycle support services for data networks customers. These are in concurrence with our roadmap, and will further augment our offerings to existing customers. It will also help us differentiate our service offerings by leveraging their products including iSoftTechTAS. Their deep domain expertise and skills will also help us make a strong foray into offerings in the datacom domain.”

The deal announced in Chennai today means that Sasken would add a Chennai development centre to its already existing facilities in Bangalore and Pune.

“Chennai is growing in popularity as a destination for IT outsourcing, and we are excited about having a development centre here. Integrated SoftTech currently has an 110+-strong team in Chennai, which will be completely integrated with the Sasken family,” added Rajiv.

Commenting on the development, Ray Stata, Chairman, Integrated SoftTech said, “We are very happy with this recognition to iSoftTech's expertise and the growth opportunities it offers the iSoftTech team. Sasken has been a pioneer in the telecom R & D outsourcing space, and their unique hybrid model is very
exciting.” Vijay Babu, President and COO, Integrated SoftTech said, “We are very happy to join the Sasken family. We expect the acquisition to give us scale, a global footprint, and help us deliver greater value to all our customers.”

The definitive agreement has been signed between the two companies, and integration efforts will start immediately.

“A dedicated team has already been identified and is working on fast and seamless integration between the two companies. Deliveries and commitments made to all iSoftTech customers will be met and continued, and there will be no disruption due to the acquisition. Integration efforts will happen in parallel, without any disruptions to the operations,” Rajiv further added.

About Sasken :
Sasken is an embedded telecom solutions company that helps businesses across the telecom value chain accelerate product development life cycles. Sasken helps clients speed up product development through a unique combination of ready-to-use technology blocks and services using its unparalleled telecom
experience. Global Fortune 500 companies including Nortel, Nokia and Motorola are part of Sasken's customer profile. Established in 1989, Sasken employs over 2500 people at its offices in India, China, France, Germany, Japan, Sweden, UK and the U.S.

About Integrated SoftTech :
iSoftTech, founded in May 2001 provides high-end design services to Product Development companies and platform vendors, working as their extended engineering team. The company was founded by Ray Stata, Founder and Chairman, Analog Devices, one of the largest IC manufacturing companies in the world and Padmashree Dr Ashok Jhunjhunwala, a renowned technologist and Professor at IIT Madras. With focus on Data networking, VoIP and Wireless
domains, the company extends customer specific solutions, as well as frameworks and IPs in these domains.

For further information, please contact:

Venkatesh S
Sasken Communication Technologies Ltd
Tel: +91 80 56944817
E-Mail: pr@sasken.com

Vineet Madhukar
Adfactors PR Pvt Ltd
Tel: +91 44 28552497
Mobile: +91 9840170555
Email: vineet.madhukar@adfactorspr.com