Cyient signs a definitive agreement to acquire Certon Software

Cyient, through its wholly-owned subsidiary Cyient Inc, has signed a definitive agreement to acquire 100% of the shares of Certon. Based in Melbourne, Florida, USA, Certon 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 the current runrate of ~$6M and sustainable low double digit EBITDA margins. Certon also has strong Field Programmable Gate Array (FPGA) and System on Chip (SoC) full product life-cycle capabilities and continues to build