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Silver Software merges with German based system development partner Atena to form Silver Atena

Bangalore, India - Oct 24, 2008 (PRN): Silver Software, a leading provider of Software and Safety Engineering services for High Integrity Systems, announced its merger with Atena Engineering Gmbh, the Technology and Systems business based in Munich, Germany. This merger will constitute the formation of one of the largest independent service companies worldwide in the growing market of safety-critical electronics.

Silver Software, the Anglo-Indian company and Atena Engineering, based in Munich, Germany, will now form a new organization called Silver Atena. Silver Atena, combines Silver Software and Atena’s 10-year track record of delivering successful projects on major programmes such as the Airbus A380, Boeing 787, BMW Hydrogen Project and the European Rail Traffic Management System. Silver Atena now offers a comprehensive service portfolio including system engineering, software engineering, hardware engineering, safety engineering, consultancy and test equipment products to the high integrity systems market.

Silver Software is a privately owned company with offices in the United Kingdom, India and Spain. Atena Engineering, founded in 1998, is a subsidiary of the $1 billion, Assystem Group, since July 2005.

Mr. Senthil Kumaran, MD of Silver Atena, India said, “This relationship will allow Silver Atena to offer a unique proposition to both our current clients and the broader high integrity systems market. The merger will synergize state of the art technology from India and Europe and thereby provide a strong platform for Silver Atena’s next phase of growth.”

“With this merger Silver Atena will continue to offer a wide spectrum of technological know-how, excellent performance and cost-effective solutions for the ongoing market requirements” said Josef Mitterhuber, MD of Silver Atena Germany.

With over 500 highly skilled engineers spread across UK, Germany, India, Spain, US and the Middle East servicing multi-national clients, Silver Atena is positioned for strong growth in the next 3-5 years. With this Silver Atena believes India to be its next big destination and it plans to increase its India headcount from 250 to 550 numbers. Currently Silver Atena employs 510 people worldwide.

Operating predominantly in the aerospace, defense, rail, automotive and gas turbine domains Silver Atena offers a proven business model combining European expertise and the benefits of offshore delivery through our world class development centers. Bringing the state of the art technology and testing equipment from Germany, Silver Atena will be servicing automobile majors like BMW, Daimler Chrysler and Airbus.

About Silver Atena

Silver Atena is a leading international organization specializing in the development of safety critical and high integrity systems. Operating independently in the aerospace, automotive, rail and other safety critical related markets, Silver Atena has a global workforce of over 500 people based at various locations including the UK, Germany, India, Spain, North America and the Middle East.

www.silver-atena.com






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