LTI to Acquire Digital Engineering Firm Cuelogic

LTI

PR90128

 

MUMBAI, India, June 16, 2021 /PRNewswire=KYODO JBN/ --

 

- Acquisition to augment cloud native product development capabilities

 

    Larsen & Toubro Infotech Ltd. (BSE: 540005) (NSE: LTI), a global technology

consulting and digital solutions company has signed a definitive agreement to

acquire Cuelogic Technologies [https://www.cuelogic.com/], a Digital

Engineering and Outsourced Product Development company, headquartered in Pune,

India. Founded in 2010, Cuelogic has built capabilities in digital engineering,

and primarily focuses on developing cloud native web and mobile applications,

modernization, and runs Innovation Lab as a service for its clients in the USA

and India.

 

    Digital Engineering is a significant market opportunity, and this

acquisition will provide instant access to a fast-growing business with

impressive client roster, and more than 300 employees. Cuelogic works with

enterprise clients on multiple facets of digitalization such as UX Consulting,

DevOps, AI Consulting, IoT, Applications Modernization, Cloud Architecture &

Integration. With over 100 products successfully developed, Cuelogic helps

global enterprises build and grow modern digital businesses.

 

    Sanjay Jalona, CEO & Managing Director, LTI, said: "We believe rapid

productization is an essential requirement for accelerated digitalization

across industries. Our clients are looking for agile solutions to compete

effectively in a changing world. Digital engineering capabilities of Cuelogic

Technologies combined with their tools and methodologies will help our clients

innovate, launch products, accelerate time-to-market, and maintain products

optimally. I welcome Cuelogic team, their customers, and partners to LTI

family."

 

    Nikhil Ambekar, CEO, Cuelogic Technologies, said: "When Vikrant, Neel, and

I cofounded Cuelogic, our goal was to bring rapid and reliable product

development services to enterprises, and help them scale their digital

transformation. Our digital expertise and unique culture have helped us build a

solid foundation. As a company obsessed with engineering excellence, we find

LTI to be our ideal partner for the next phase of our journey. LTI is the

growth leader in the industry, and we are excited to further add strength to

its formidable Digital capabilities."

 

    Cuelogic will be integrated with the Digital practice of LTI. This is the

seventh acquisition by LTI since the company got listed in 2016. Earlier

acquisitions have bolstered company's expertise around data & analytics, cloud

consulting, intelligent automation, and industry-specific platforms.

 

    About LTI

 

    LTI [https://www.lntinfotech.com/] (NSE: LTI) is a global technology

consulting and digital solutions Company helping more than 400 clients succeed

in a converging world. With operations in 31 countries, we go the extra mile

for our clients and accelerate their digital transformation with LTI's Mosaic

platform [https://www.lntinfotech.com/digital-platforms/mosaic/] enabling their

mobile, social, analytics, IoT and cloud journeys. Founded in 1997 as a

subsidiary of Larsen & Toubro Limited, our unique heritage gives us

unparalleled real-world expertise to solve the most complex challenges of

enterprises across all industries. Each day, our team of more than 35,000

LTItes enable our clients to improve the effectiveness of their business and

technology operations and deliver value to their customers, employees, and

shareholders. Follow us at @LTI_Global [https://twitter.com/LTI_Global]

 

    Connect with LTI:

 

    - Read our News [https://www.lntinfotech.com/news-events/] and Blogs

[https://www.lntinfotech.com/blogs/]

    - Follow us on Twitter [https://twitter.com/LTI_Global] and LinkedIn

[https://www.linkedin.com/authwall]

    - Like us on Facebook [https://m.facebook.com/LarsenToubroInfotech]

    - Watch our videos on YouTube

[https://www.youtube.com/user/LarsenToubroInfotech]

 

    Read more:

 

    - LTI to Acquire Germany Based NIELSEN+PARTNER

[https://www.lntinfotech.com/news-event/lti-announces-acquisition-of-nundp/]

    - LTI to Acquire Advanced Analytics Firm Lymbyc

[https://www.lntinfotech.com/news-event/lti-to-acquire-advanced-analytics-firm-l

ymbyc/]

    - LTI to Acquire Powerupcloud Technologies

[https://www.lntinfotech.com/news-event/lti-to-acquire-cloud-consulting-firm-pow

ercloud/]

 

    Logo: https://mma.prnewswire.com/media/1044154/LTI_Logo.jpg

 

    Source: LTI

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