BLF represented Alten Group in its acquisition of CIeNET in Greater China.
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Oak Brook- November 8, 2021
CIeNET, a global provider of technical consulting and software development services with a client base of Multinational Fortune 500 companies across Greater China, North America, and Europe, has joined the ALTEN Group, a European leader in engineering and IT services with a worldwide presence of nearly 40,000 employees in 30 countries.
Jarter FANG, CEO of CIeNET, commented: “Joining the ALTEN Group expands our global reach and service offering to our valued clients. We are thrilled to join the Group and are excited about the future.” He added, “it will provide new growth opportunities for the business and the cross-border training and development opportunities for the employees of CIeNET.”
CIeNET has been the premier, private software services provider over the last 20 years and has been serving customers in the areas of Telecom, Automotive, Mobile Devices, Embedded/IoT, and Enterprise Solutions. CIeNET delivers comprehensive technical services based on a broad range of functional and technical skills and has a proven track record of creating transformative solutions for multinational corporations.
“We are proud to welcome the CIeNET team to the ALTEN family,” commented Gerald ATTIA, deputy CEO and co-founder of ALTEN Group. He added “the acquisition of CIeNET accelerates ALTEN’s positions into one of world’s most dynamic and fastest growing economies. This acquisition would not only add additional off-shore capabilities in China for worldwide ALTEN projects but also provide ALTEN with an opportunity to leverage its technical expertise in growth segments such as Automotive, Consumer Goods, & Telecommunications for domestic China market and abroad”.
ALTEN Group, whose expertise is greatly valued among major customers in all major verticals across aerospace, defense, transportation, energy, life sciences, financial services, telecom, and IT sectors, will enhance CIeNET’s positioning and offer. Both companies will immediately develop software engineering and commercial synergies.
CIeNET will maintain its own brand and continue to run independently as a part of ALTEN Group. With the backing and support of ALTEN, CIeNET will be able to provide customers more value and a wider offering of services leveraging ALTEN Group’s larger pool of technical talents globally.
CIeNET is a global information technology software development, consulting, and solution company. Founded in 2000, CIeNET focuses on mobility, embedded systems and enterprise software technologies delivering services from development centers and customer support offices in North America and Asia. CIeNET provides innovative solutions from conception to reality helping customers bring ideas and products to market quickly and cost effectively. CIeNET has been recognized by the International Association of Outsourcing Professionals (IAOP) as a Global Outsourcing Top 100 company for thirteen years. Furthermore, the company has received honors from Gartner, IDC and ChinaSourcing. CIeNET is ISO9001 and ISO27001 certified and has a CMMI Level 3 certificate with Agile-based processes.
ABOUT ALTEN Group
As a European Leader in Engineering and Technology Consulting (ETC), ALTEN carries out design and research projects for Technical and IT divisions of major clients in industry, telecoms and services.
ALTEN’s stock is listed in compartment A of the Euronext Paris market (ISIN FR000001946); it is part of the SBF 120, the IT CAC 50 index and MIDCAP100, and is eligible for the deferred Settlement Service (SRD).