LTI to Acquire Digital Engineering Firm Cuelogic
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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