L&T Technology Services Deepens Software Product Development, Platform Engineering & AI Expertise
L&T Technology Services Limited, a global
leader in engineering and technology services, announced it has signed a
definitive agreement to acquire Silicon Valley-based Intelliswift, to deepen
its offerings across Software Product Development, Platform Engineering,
Digital Integration, Data and AI.
Intelliswift services 4 of the Top 5
Hyperscalers and caters to over 25 Fortune 500 companies including 5 of the top
10 ER&D spenders in Software and Technology. With this acquisition, LTTS
will also be able to address adjacent markets of Retail and Fintech, along with
the Private Equity channel.
The acquisition will enhance LTTS' AI and
software capabilities in the Digital Engineering suite for global clients,
through:
· Industry leading
software product development, data & platform engineering capabilities
· Intelliswift’s AI-led
automation framework which provides end-to-end automation solutions across
platforms and processes.
· Digital enterprise
& Integration services through agile engineering and next generation
technologies
"Software and AI are becoming essential
for our clients seeking to bring new products and differentiated solutions for
the consumer. The acquisition of Intelliswift strengthens our digital and
software product engineering capabilities, expands strategic client
partnerships with major technology spenders, boosts our presence in Silicon
Valley, and advances us towards our USD 2 Billion medium-term goal.
We warmly welcome the Intelliswift team to our LTTS family, to join us in our
journey of ‘Purposeful. Agile. Innovation’ with inclusive growth,” said Amit Chadha, CEO and Managing
Director, L&T Technology Services.
“Joining forces with a prominent Engineering
& R&D services leader like LTTS is a strategic step forward for
Intelliswift. Together, we aim to become the leading technology partner for
major hyperscalers and companies worldwide that depend on us for business
critical products and platforms, significantly enhancing our digital offerings.
Our customers will benefit from innovative advancements throughout the software
and digital platform lifecycle,” said Pat Patel, Founder and Executive
Chairman, Intelliswift.
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