Sasken Technologies Partners with Microsoft to Accelerate Smart Device Innovation
Sasken Technologies has announced a strategic collaboration with Microsoft, leveraging the Microsoft Devices Ecosystem Platform (MDEP) to enhance smart device development. The partnership aims to accelerate innovation cycles, streamline development processes, and improve capabilities of future smart devices within Microsoft's ecosystem. This collaboration is expected to benefit both companies by reinforcing Sasken's position in product engineering and expanding Microsoft's device ecosystem reach.
Sasken Technologies Limited announced its Q4 FY25 and FY25 financial results, showing significant growth. Q4 consolidated revenues reached ₹148.01 crores, up 35.8% YoY. FY25 consolidated revenues were ₹550.91 crores, a 35.6% YoY increase. The company secured deals worth USD 16.7 million in Q4, including new orders of USD 7.8 million. The Board recommended a final dividend of ₹13 per equity share for FY25. Sasken reported its lowest ever LTM employee attrition rate of 7.8% and a Q4 attrition rate of 5.7%.
14Apr 25
Sasken Technologies Strengthens IoT and 5G Capabilities with Borqs Technologies Acquisition
Sasken Technologies Limited has finalized the acquisition of BORQS International Holding Corp on April 8, 2025. This strategic move enhances Sasken's capabilities in IoT and 5G product development, aligning with their '60x4x3' growth strategy. The acquisition brings expanded expertise, end-to-end solutions, and valuable intellectual property to Sasken. Borqs' founder, Hareesh Ramana, joins Sasken's leadership team. The merger is expected to strengthen Sasken's position in high-demand markets and accelerate innovation in connected devices.
08Apr 25
Sasken Technologies Expands IoT Capabilities with $40 Million Acquisition of Borqs International
Sasken Technologies' subsidiary has acquired BORQS International Holding Corp for up to $40 million, enhancing its IoT capabilities. The deal, completed on April 8, 2025, involves purchasing 100% share capital of BORQS and its subsidiaries. This strategic move aims to strengthen Sasken's position in IoT product development, from concept to market. BORQS specializes in customized IoT solutions and had a consolidated turnover of $32.05 million in FY2023.