LTI enters definitive agreement to take over Pune-based Cuelogic

Date: 2021-06-17   Author: Pankaj Singh  Category: #news

LTI enters definitive agreement to take over Pune-based Cuelogic

Larsen & Toubro Infotech (LTI), an Indian IT solutions and services company, has reportedly inked a definitive agreement to acquire a Pune-based software products developer, Cuelogic Technologies.

Cuelogic, since it was founded in 2010, has built capabilities in the digital engineering space. The company primarily focuses on the development of cloud-native web & mobile applications, modernization, and operates Innovation Lab for its clients across India and the U.S. The recent acquisition agreement is expected to offer LTI instant access to its rapidly expanding business, an impressive client roster, and above 300 employees.

In addition, Cuelogic partners with enterprise clients on various facets of digitalization including Applications Modernization, IoT, AI Consulting, DevOps, and UX Consulting. The company caters to the need of global enterprises and boosts modern digital businesses through its extensive product portfolio.

According to LTI’s Managing Director & CEO, Sanjay Jalona, the company holds a strong belief in rapid productization to ensure accelerated digitization across numerous industries. The integration of Cuelogic’s digital engineering capabilities, tools, and methodologies will help serve the demand for agile solutions from its clients, as well as compete, innovate, accelerate time-to-market, and launch & maintain products optimally.

Nikhil Ambekar, Cuelogic Technologies’ CEO, has reportedly cited that the company is thrilled to welcome its team, customers, and partners to the LTI family through the latest acquisition deal, which aligns with its target to provide reliable product development services to various enterprises and help scale digital transformation. With a robust focus on engineering excellence, LTI will serve as the ideal partner to enter the next phase of growth and further enhance its formidable digital capabilities.

Cuelogic is expected to be integrated with LTI’s Digital practice under the recent agreement, which will mark the 7th acquisition deal entered by the IT services provider since it got listed in 2016. The company has considerably bolstered its expertise in the field of data & analytics, intelligent automation, cloud consulting, and industry-specific platforms via earlier acquisitions.

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Pankaj Singh

Pankaj Singh Develops content for Algosonline, Market Size Forecasters, and a couple of other platforms. A Post Graduate in Management by qualification, he worked as an underwriter in the UK insurance domain before deciding to switch his field of profession. With exp...

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