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SoCrates Acquired By Toshiba
SoCrates Software India Pvt. announced that it has become a Toshiba group company.
The acquisition gives Toshiba the largest presence in India of any of Japan's semiconductor companies.
Mr. Kazutoshi Eguchi, Senior Manager of System LSI Division I, System & Software Department, Toshiba Corporation Semiconductor Company said, "SoCrates has proved its ability to deliver embedded solutions that provide our business with a strategic boost. We now propose to reinforce this capability. By taking the initiative in guiding SoCrates' continued growth and development, we want to position the company as a major hub within our software development organization, and as a key contributor to the development of software products."
Mr. Deepak Gupta of SoCrates also welcomed the move: "This is an exciting opportunity for SoCrates. Toshiba has been our preferred partner, and we will be able to reinforce our contributions to software for Toshiba's SoC solutions. We hope our expertise will support Toshiba's efforts to become the world number one in this area."
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