L&T Infotech buys analytics firm Lymbyc

Larsen & Toubro Infotech Ltd, the IT services arm of infrastructure major Larsen & Toubro Ltd has signed a definitive agreement to acquire artificial intelligence, machine learning and advanced analytics company Lymbyc.

This marks L&T’s fifth acquisition since its listing in 2016. In January, the firm acquired Ruletronics, which uses the Pega platform for business process management and customer relationship management solutions. A month later, it also acquired Germany-based Nielsen Partner, which specializes in Temenos WealthSuite, an integrated software solution for wealth managers.

Founded in 2012, Lymbyc is a Bengaluru-based firm, known for its capabilities in analytics and data-sciences space. The company leverages its proprietary product Leni, a virtual analyst that allows users to conversationally access information and insights, to solve descriptive to predictive business insights, leveraging deep learning, natural language processing, data visualization, and predictive analytics. The company has customers in the US, the UK, Africa, and India.

The acquisition will complement the analytics, natural language processing and data visualization capabilities of its in-house mosaic platform, helping it improve its data discovery, analytics and ability to process large datasets, the company said. Before Lymbyc acquisition both firms had also worked as strategic partners for a year.

L & T Technology to acquire Dell engineering services

Larsen and Toubro Limited is an Indian Multinational Conglomerate headquartered in Mumbai, Maharashtra. The company has business interest in engineering, construction, manufacturing goods, information technology, and financial services. It was recognized as the company of the year in Economic Times 2010 Awards.

Dell is an American privately owned Multinational computer technology based in Texas, United States. It sells personal computers, servers, data storage devices, network switches, software, computer peripherals, cameras, printers, and electronics built by other manufacturers. Company is well known for its innovation in Supply chain Management and E-commerce business.

L & T Technology services is going to buy Engineering services division of US based Dell Inc. The deal has got the nod of Competition Commission of India (CCI) and is waiting for approvals from US regulatory. This acquisition will help L & T establish itself as a premier engineering services provider by adding local delivery centres in North America. This strategic acquisition will strengthen L & T technology services global position in the $4 Billion transportation engineering research & development market.

Dell engineering services has delivery centres in Hyderabad and Bangalore, India. According to a comment mentioned by L & T chief executive Keshab Panda has said that the company will not spend more than $50 Million on any acquisition. In June this year, L & T Technology services acquired 74 percent stake in Thales Software India Pvt. Ltd. to grow its avionics Business. Recently, L & T said that it is planning to start its IPO process for both its technology subsidiaries i.e. L&T InfoTech and L&T Technology services by 2016.

This is the first acquisition this year in technical industry by an Indian company acquiring US Company. Other than this, Indian Internet firms are expanding their business internationally and one of them is Zomato. Jabong has already entered into UK market with a small office in London. Rocket Internet Printvenue is also entering into Australian and Singapore market.