Cyient said its wholly-owned subsidiary Cyient Inc has signed a definitive agreement to acquire 100 per cent shares of Certon based in Melbourne and Florida. Certon Software Inc is an IP-led innovative provider of full product life-cycle engineering services to companies seeking certification approval for safety-critical systems, embedded software, and electronic hardware.
Incorporated in 2006, Certon employs a core team of around 45 people, with revenue at current run rate of $6 million. This is Cyient´s fifth acquisition in the last two and half years as part of its design-build-maintain strategy. It will continue to look for acquisitions, the company said.