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January 21, 2005

Vignette 2: Flextronics Does a Cisco Act

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.