Data expertise agency L&T Expertise Companies (LTTS) introduced the acquisition of Intelliswift, a Silicon Valley-based synthetic intelligence (AI) agency for as much as USD 110 million, to reinforce its software program product growth, platform engineering, digital integration, knowledge, and AI choices. “With this acquisition, LTTS may even have the ability to tackle adjoining markets comparable to retail and fintech, together with the non-public fairness channel,” LTTS mentioned in a press launch.
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Expands Engineering with Intelliswift Acquisition
The acquisition may even improve LTTS’ AI and software program capabilities in its digital engineering suite for world purchasers, significantly via Intelliswift’s AI-led automation framework.
Intelliswift serves 4 of the highest 5 hyperscalers and caters to over 25 Fortune 500 corporations, together with 5 of the highest 10 ER&D spenders in software program and expertise.
Aiming for USD 2 Billion Objective
Amit Chadha, CEO and Managing Director of LTTS, mentioned, “Software program and AI have gotten important for our purchasers searching for to introduce new merchandise and differentiated options for shoppers. The acquisition of Intelliswift strengthens our digital and software program product engineering capabilities, expands strategic consumer partnerships with main expertise spenders, boosts our presence in Silicon Valley, and strikes us nearer to our USD 2 billion medium-term objective.”
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Pat Patel, Founder and Govt Chairman of Intelliswift, mentioned the corporate goals to turn out to be the main expertise associate for main hyperscalers and companies worldwide that rely on it for essential merchandise and platforms. “Our clients will profit from progressive developments all through the software program and digital platform lifecycle,” he famous.
