PR90345

SINGAPORE, JUNE 29, 2021 /PRNewswire=KYODO JBN/ --

    - This acquisition will enable the company's vision to grow its

semiconductor business and add 2,000 engineers within the next four years

    QuEST Global, a global product engineering and lifecycle services company,

has acquired Synapse Design [http://www.synapse-da.com/], a Silicon Valley

headquartered design and engineering services provider to top-tier

semiconductor and systems companies worldwide. This addition will enhance

QuEST's capability in providing comprehensive design and consulting services

and software development for the semiconductor industry. With this acquisition,

the company will be able to offer end-to-end hardware-enabled software

solutions to its customers across various industries, including semiconductor,

automotive, consumer electronics, networking, and storage systems. Such

solutions are especially critical now, as these industries accelerate their

efforts to capitalize on the rise of digital technologies and the

transformational opportunities arising.

    This acquisition will enable QuEST's vision to grow its semiconductor

business, add at least 2,000 engineers in the next four years while enhancing

their ability to leverage the convergence of electronics, software, and digital

engineering services. This will also support QuEST to provide innovative,

digital solutions to its customers, help improve their operational efficiency

and solve the complex challenges in terms of cost and quality of products.

    With its strong customer portfolio and domain capabilities in the

semiconductor industry, Synapse Design is QuEST's 14th acquisition in the last

two decades. Each acquisition has added differentiated skills and enabled the

company to create one of the broadest portfolio offerings of any engineering

services company, enabling them to create the frontier by advancing the ways

people live, work and engage with each other.

    Founded in 2003 by Satish Bagalkotkar and Devesh Gautam, Synapse Design has

built a strong reputation by providing end-to-end semiconductor design services

to 95% of the world's top fabless, Original Design Manufacturing (ODM) and

Integrated Device Manufacturing (IDM) companies. Their services and solutions

include low-power, mixed-signal Application-Specific Integrated Circuit (ASIC)

and System-On-Chip (SOC) design services from architecture specifications to

tape out, including system-level software and embedded firmware development.

The company creates end-to-end hardware/software design solutions targeting

Artificial Intelligence/Machine Learning/Data Center/IoT,

automotive/autonomous, multimedia, mobile, networking, and

communications/storage applications.

    Synapse Design has its design centers in India, China, Japan, Malaysia and

Vietnam and employs more than 700 engineers. As a QuEST subsidiary, it will

continue to operate under the leadership of Satish Bagalkotkar and Devesh

Gautam.

   Welcoming Synapse to the QuEST Global family, Ajit Prabhu

[https://www.quest-global.com/leadership/ajit-prabhu/], Chairman & CEO, QuEST

Global said: "We are constantly looking for outstanding talent and capability

that can help us provide innovative engineering services and solutions across

our customer base. The acquisition of Synapse Design will enable us to provide

comprehensive design services, consulting, and software development services to

our semiconductor customers. We strongly believe that the investments we are

making in enhancing our engineering capabilities will help customers solve

complex engineering challenges in their respective industries. As their trusted

thinking partner, we are committed to providing end-to-end engineering

solutions that will help redefine their engineering strategy from a long-term

perspective."

    Sharing his excitement, Satish Bagalkotkar, President, CEO and Co-Founder,

Synapse Design said: "We are excited to be part of the QuEST family as the

combination of both companies brings great opportunities for our stakeholders,

including customers, partners, and employees. This acquisition will combine our

capabilities in providing design and consulting services with QuEST's

capabilities in providing embedded & software services and expertise in the

convergence of electronics, software, and digital engineering innovations. This

combination will help us to deliver world-class engineering services and

solutions to customers across various industries."

    Devesh Gautam, Chief Operating Officer and Co-Founder, Synapse Design said:

"The acquisition of Synapse Design by QuEST Global is an excellent next step

for the customers and employees of both companies. Synapse and QuEST share an

unrelenting passion to provide customers with excellent engineering talent and

a best-in-class customer service experience. As a global organization, we will

be able to serve new and larger customers across the globe, add value to

existing customers and create more high-skilled engineering jobs in the region."

    About QuEST Global

    For more than 20 years, QuEST Global has been a trusted global product

engineering and lifecycle services partner to many of the world's most

recognized companies in the Aerospace & Defense, Automotive, Energy, Hi-Tech,

Medical Devices, Rail and Semiconductor industries. With a presence in 13

countries, 56 global delivery centers and 11,250+ personnel, QuEST Global is at

the forefront of the convergence of the mechanical, electronics, software and

digital engineering innovations to engineer solutions for a safer, cleaner and

sustainable world. QuEST Global's deep domain knowledge and digital expertise

help its clients accelerate product development and innovation cycles, create

alternate revenue streams, enhance consumer experience and make manufacturing

processes and operations more efficient.

    Source: QuEST Global