IT Services and solutions provider
L&T Infotech announced that it will acquire Pune based AugmentIQ Data
sciences, a start-up offering IP based, big data and analytics solution that allows
enterprises derive business benefits from big data.
As a result of this acquisition, L&T
Infotech will gain access to MAXIQ, the big data platform developed by
AugmentIQ, which is currently servicing one of the world's largest credit
bureaus, large banks as well as regulatory agencies. Also, the
proprietary identity resolution technology from AugmentIQ is among the best in
its class and can be adopted to solve the emerging needs of regulatory
authorities across all markets.
MAXIQ from AugmentIQ brings the
power of automation and Do-it-Yourself (DIY) to big data. Its end-to-end,
self-service approach enables business users to leverage big data technologies
such as Hadoop & Spark. The proposed acquisition will enable L&T
Infotech to build upon MAXIQ by integrating it within LTI's MOSAIC
Decision Science platform.
L&T Infotech clients are
seeking big data solutions that can be implemented quickly and scale as per
their requirements. AugmentIQ offers a very versatile platform that can expand
instantly and enable accelerated data monetization. During last four years,
AugmentIQ have grown rapidly and are working with some major clients in India
and globally.
No comments:
Post a Comment