A key highlight of 2004 was the emergence of Singapore-based contract electronics manufacturer Flextronics as an active investor in – and acquirer of – Indian technology companies.
The company moved swiftly to invest in most of the leading communications software companies in the country: it acquired FutureSoft and Deccanet Designs (both Intel Capital portfolio companies) and invested $226 million to acquire the 55% stake held by News Corp. in publicly-listed Hughes Software Systems.
As part of the company’s plans to make India its global center for technology products design, Flextronics also led a $10 million investment in chip design firm inSilica and acquired multimedia technology firm Emuzed.
