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Symbio, a leader in next generation outsourced product development (OPD), today announced it has entered into a definitive agreement to acquire the business operations of Helsinki-based Cubical Solutions, an established software engineering service company for the telecommunications, financial services and manufacturing industries. This acquisition adds market-leading specialization in open source software utilization and product development, strengthening Symbio's expertise in critical domain areas that enable rapid technology convergence between IT and telecom.
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BEIJING, China, SAN JOSE, Calif., USA and TAMPERE, Finland - December 8,
2009 - Symbio, a leader in next generation outsourced product development
(OPD), today announced it has entered into a definitive agreement to acquire
the business operations of Helsinki-based Cubical Solutions, an established
software engineering service company for the telecommunications, financial
services and manufacturing industries. This acquisition adds market-leading
specialization in open source software utilization and product development,
strengthening Symbio's expertise in critical domain areas that enable rapid
technology convergence between IT and telecom.
Adding Linux Expertise, Traction with Global Leading Clients
With over 17 years of software engineering expertise, Cubical delivers
service excellence to global industry giants including Fujitsu Services,
Nokia Siemens Networks, Vaisala, and Fastrax. The acquisition of Cubical
adds significant expertise for Symbio in Linux and open source product
development, leveraging operating environments like Red Hat, SuSE, Maemo,
Wind River Linux and OpenEmbedded Linux. This agreement further extends
Symbio's deep domain expertise across mobile, Web, enterprise and embedded
technologies, underscoring its commitment to delivering tomorrow's
technology today for world leading innovators.
"In continued efforts to differentiate Symbio as the leader in converging
enterprise technologies, while meeting business demand for deeper domain
expertise, we acquired Cubical for its success and engineering talent in
Linux and open source product development," said Jacob Hsu, CEO of Symbio.
"With this acquisition, Symbio furthers its strategy of delivering
'innovation outsourcing' across all converging platforms, technologies,
languages and geographies, and strengthens its proficiency across all
Linux-based operating environments."
Symbio Growth Plans
Symbio continues its multi-pronged approach for growth: scaling up
operations in Asia, Europe and the US, investing in high-level global
engineering expertise, and broadening its expertise across converging
technologies to deliver the most strategic and economical enterprise user
experiences for global businesses.
About Symbio
Symbio is a leading innovator of product co-creation solutions worldwide. By
leveraging its deep domain expertise in enterprise, embedded, mobile,
Web-based and user experience driven technologies, Symbio enables its
clients to focus on their core competencies while building mission-critical
technologies and products to sustain, speed and secure the long-term success
for the business. World-leading companies like China Mobile, IBM, Microsoft
and Nokia already rely on Symbio for faster, innovative, and highly
cost-effective product engineering. With 22 locations across the US, Europe
and Asia, Symbio provides worldwide integration services with a unique local
touch. For more information about Symbio, visit http://www.symbio.com.
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