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KKR-backed Aricent acquired SmartPlay Technologies.

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Software

Private

Acquisition

India

software development

Completed

Private Equity

Synopsis

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KKR-backed Aricent, a pure-play product engineering services firm, acquired SmartPlay Technologies, a fast-growing product engineering services firm. Financial terms were not disclosed. "Joining Aricent is a great cultural fit for the SmartPlay team, given our shared belief in high-quality, high-value product engineering services," said Pradeep Vajram, co-founder and CEO of SmartPlay. "We can now deliver a more powerful proposition to clients across industries that need smart silicon and embedded software to accelerate their R&D initiatives."

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