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Alten

Alten – Global Tech Consulting And Engineering Firm.

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Alten is a leading provider of IT and Engineering services. With over 37,000 engineers spread across over 30 countries, Alten has emerged as a pioneer in outsourced R&D, engineering, and IT services in under 30 years. The company’s engineers work on intricate and highly technological projects for the most prestigious businesses in all industries, services, and telecommunications.

About The Company

Incorporated in France in 1988, Alten is a global tech consulting and engineering firm. It has a presence in over 25 countries and over 33,700 employees. The shares of Alten are traded on the Euronext Paris market in compartment B. They are included in the SBF 120, IT CAC 50, and MIDCAP 100 indexes and are qualified for the Deferred Settlement Service. In 2018, the company had a revenue of over €2.269 Billion. Forty-five percent of the Group’s business is focused on the French market. Over the past few years, Alten has acquired several companies like Calsoft Labs, Bardenheuer, Enea Consulting (Sweden) cPrime Inc., EclipseIT BV, and Quick Release (UK), and Volansys.

Alten
Image source: altenusa.com

History

Three engineers from prestigious universities, Simon Azoulay, Laurent Schwarz, and Thierry Woog, formed Alten in 1988. Between 1988 and 1997, the company built up its presence in France and expanded its operations. In 1999, the company debuted its IPO on the Paris Stock Exchange. In 2012, expansion was made toward Asia and USA. Since then, the Group has focused on making strategic business acquisitions in Europe consistent with its core business, especially in 2016. Thus, the international percentage of Group revenue in 2019 was 56.8%.

A wholly owned part of the Alten Group, Alten India offers engineering, technology, and digital transformation services. In India, it provides a wide range of services in numerous industries, from concepts to aftermarket services. Embedded. General Engineering, Aftermarket Support, and Digital are some of the company’s services. With over 3500 engineers, Alten in India has expanded since its founding in 2010 to help in areas that specifically cater to customer demands. In India, It has regional offices in Noida, Hyderabad, Pune, Bangalore, and Chennai.

Company Profile

Alten is a global technology consultation and engineering firm. It offers design and research projects for the technical and information systems departments in the industrial, telecommunication, and service industries. It works on technological product research and development for technical divisions. The business also builds IT solutions for information systems divisions and offers networks and telecoms design.

Alten offers services in various sectors, including information technology, defence, aviation, networking, and telecommunications.

Controversies

Alten Spain fired over 100 workers between July and December 2012 under the pretext of declining sales. Alten Spain attempted to terminate 140 employees in December 2012 and reduce the compensation of the remaining staff by 10%. As a result, employees issued a strike notice in January 2013.

In violation of the permitted uses of the trademarked terms “Engineer” and “Engineering,” Alten unlawfully markets its business across Canada as an engineering and R&D outsourcing firm. The company has never obtained a Certificate of Authorization from a professional engineering licensing organization in Ontario or any other Canadian jurisdiction. The company’s business is officially registered in Canada to provide staffing services, specifically office support and temporary help services, under the name of a subsidiary company of Proex Inc.

Founder – Simon Azoulay

Simon Azoulay, a French entrepreneur and the founder of Alten, formerly served as the chairman and chief executive officer of 18 different businesses. He is currently the CEO and Chairman at Alten. He is a Supélec alumnus. He created ALTEN with two other engineers in 1988 after overseeing the R&D department of Thalès.

Cyient

Cyient – An Indian Technology Company Dominating In Diverse Engineering Fields.

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Cyient, previously known as Infotech Enterprises Limited, is a publicly-traded company based in Hyderabad, India. It is a global provider of engineering and technology solutions and in 2018 was one of the top 30 outsourcing companies globally. The company was founded in 1991 by B. V. R. Mohan Reddy, an engineer, and a business executive. The company currently has more than 300 customers across the world and it includes 29 among the Fortune 500 companies. The name of the company was changed to Cyient in 2014 after getting approval from the shareholders.

About Cyient

Cyient, through the journey of the last three decades, has successfully marked its presence in 14 countries across Asia, Europe, and North America. It has 12,000 associates that help in strengthening the local relationships leading to more empowering global deliveries. The company serves a lot of industries including aerospace, automotive, geospatial, healthcare, energy, heavy instruments, communications, rail transportation, etc. Cyient applies its FIRST principle values across all stakeholder relationships and it stands for Fairness, Integrity, Respect, Sincerity, and Transparency.

Cyient also has several group companies. They include Cyient Europe Ltd, Cyient Singapore Pte Ltd, Cyient Ltd (Japan), Cyient Design Led Manufacturing, etc. The company is traded in both the National and Bombay Stock Exchange since 1997. Recently, the company has expanded its digital solution for the aerospace industry and also launched global management consulting practice.

Cyient
Image source: ceros.com

Early Days

Cyient was established in Hyderabad as Infotech Enterprises back in 1991. After four years, the company received its first certification (ISO 9002) for its conversion services. When the company was founded, it was initially a private organization that focused on offering engineering services on a global scale but faced strong resistance in the area of engineering outsourcing. It found many opportunities in the geographic information system (GIS) sector and eventually started growing. In 1997, the company decided to go public and sold its shares for Rs 20/- per share during the IPO. In the same year, Company also acquired SRG Infotech, a software company that was known for offering services to Oracle.

In 1999 Cyient entered the US market as it signed a deal to offer GIS conversion and consultation mapping services to the US-based Analytics Survey Inc. Company also opened a subsidiary of the company in the US and the same year signed another deal with Navionics Italy for the same services. It also acquired a series of companies including Cartographic Sciences from Analytical Surveys Inc and Dataview Solutions Limited (a UK-based software company). In April 2000, Cartographic Sciences merged with Cyient. Cyient also made a breakthrough in 2000 as it landed a huge deal with an aircraft engine manufacturer.

Growth and Success

Cyient started acquiring more and more companies across the globe and also expanded to various fields to offer its solutions. In 2000, it acquired a German company called Advanced Graphics Software GmbH, a software company that specialized in 3D CAD/CAM. In April 2001, Company acquired an independent European GIS distributor, Map Centric. It also established a strategic business relationship with the Pratt & Whitney division of United Technologies Corporation that is a Fortune 100 company. This was a long-term agreement where Pratt & Whitney was offered approximately an 18 percent equity stake of the company.

By this time, Cyient became one of the top 100 global outsourcing companies and was also featured in Forbes Asia in the list of “200 Best under a Bullion.” In 2005, Company acquired Tele Atlas India Pvt Ltd where the parent company, Tele Atlas joined in as a strategic partner. In 2017, the company acquired Certon Software Inc.

B. V. R. Mohan Reddy – Founder of Cyient

B. V. R. Mohan Reddy is the founder of Cyient. He went to IIT Kanpur followed by the University of Michigan, USA, and has received honorary doctorates from several universities. Apart from founding Cyient, he has also served as the Chairman of NASSCOM in 2015-16 and continued to be a member of its Executive Council since 2003. He is also the founding director of T-Hub, India’s largest startup incubation center.