L&T Technology Services (LTTS) has acquired Intelliswift, a California-based Al and software company, for $110 million. This acquisition aims to strengthen LTTS's capabilities in software product development, platform engineering, digital integration, data, and Artificial Intelligence (Al).
Intelliswift has a presence in multiple countries, including the US, India, Hungary, Canada, Singapore, and Costa Rica.
Intelliswift serves four of the top five hyperscalers and over 25 Fortune 500 companies, including five of the top 10 ER&D spenders in software and technology.
The acquisition aims to enhance LTTS's digital engineering suite, expand its footprint in hyperscalers and big tech spenders, and enter adjacent markets like retail, fintech, and private equity.
Amit Chadha, CEO and Managing Director of LTTS, emphasized that software and AI are becoming essential for clients seeking new products and differentiated solutions.
Pat Patel, Founder and Executive Chairman of Intelliswift, highlighted the strategic step forward for Intelliswift to become a leading technology partner for major hyperscalers and companies worldwide.
This acquisition is expected to significantly boost LTTS's capabilities in software product development, platform engineering, digital integration, data, and AI, aligning with their medium-term goal of reaching a $2 billion revenue target.
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Intelliswift is known for its Al-led automation framework and serves four of the top five hyperscalers and over 25 Fortune 500 companies. The acquisition will enable LTTS to expand its footprint in hyperscalers and big tech spenders, and enter adjacent markets like retail, fintech, and private equity.
Intelliswift has a presence in multiple countries, including the US, India, Hungary, Canada, Singapore, and Costa Rica.
Intelliswift serves four of the top five hyperscalers and over 25 Fortune 500 companies, including five of the top 10 ER&D spenders in software and technology.
The acquisition aims to enhance LTTS's digital engineering suite, expand its footprint in hyperscalers and big tech spenders, and enter adjacent markets like retail, fintech, and private equity.
Amit Chadha, CEO and Managing Director of LTTS, emphasized that software and AI are becoming essential for clients seeking new products and differentiated solutions.
Pat Patel, Founder and Executive Chairman of Intelliswift, highlighted the strategic step forward for Intelliswift to become a leading technology partner for major hyperscalers and companies worldwide.
This acquisition is expected to significantly boost LTTS's capabilities in software product development, platform engineering, digital integration, data, and AI, aligning with their medium-term goal of reaching a $2 billion revenue target.
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