Sunday, December 22

Tag: L&T Infotech

Larsen & Toubro Infotech acquires Bengaluru-based Lymbyc
17Jul By PriyankaNo Comments
ACQUISITION

Larsen & Toubro Infotech acquires Bengaluru-based Lymbyc

Larsen & Toubro Infotech (LTI) Wednesday said it will acquire Bengaluru-based advanced analytics company Lymbyc for an enterprise value of Rs 38 crore. The acquisition will bolster the advanced analytics, natural language processing and data visualisation capabilities of LTI, thereby enabling us to offer differentiated analytics solutions to clients, the company said in a regulatory filing said. "The enterprise value for 100 percent share capital of Lymbyc is Rs 380 million on a cash-free, debt-free basis, which will be paid as a combination of upfront and three-year earn-out payments," it said. It added that the consideration value is subject to working capital adjustments. The transaction is expected to be completed in four-six weeks. We believe self-service capabilities ...
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Hexaware and Mphasis Eyeing to Acquire Genpact Unit Headstrong
21May By Lavina TolaniNo Comments
BUSINESS

Hexaware and Mphasis Eyeing to Acquire Genpact Unit Headstrong

Bengaluru based IT Consulting and Services firm Genpact unit Headstrong is likely to get acquired in a bid where Hexaware Technologies, Mphasis and L&T Infotech are being considered as potential investors. According to sources familiar with the matter, company's current valuation is currently being valued at around $200 million. Genpact acquired a capital markets domain specialist called Headstrong seven years ago. At present, it may bring around $200 million or less than half of the amount paid by Genpact in the process of sale. The firm bought Headstrong in an all-cash deal to distort to a domain specialist so as to benefit the customers through integrated service offerings. The words of Hfs Research's CEO, Phil Fersht were that they desired to build a credible IT service. T...
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