L&T Technology Services acquires US-based Intelliswift for $110 mn
Technology

L&T Technology Services acquires US-based Intelliswift for $110 mn

L&T Technology Services (LTTS) has announced the acquisition of Silicon Valley-based Intelliswift for $110 million. The move aims to strengthen LTTS’ offerings in software product development, platform engineering, and digital integration, particularly in data and artificial intelligence (AI). Intelliswift serves high-profile clients across sectors like retail, fintech, and technology, including four of the top five hyperscalers and more than 25 Fortune 500 companies.

With this acquisition, LTTS expands its client base and enhances its expertise in the fast-growing digital services market. Intelliswift’s $96 million revenue and its deep ties with major technology spenders are expected to provide significant synergies for LTTS, helping it to tap into new markets and cross-sell its services.

The acquisition also strengthens LTTS’ position in the global engineering research and development (ER&D) outsourcing services market, which is valued at $78 billion. The deal is expected to help LTTS achieve its $2 billion revenue target in the medium term.

L&T Technology Services (LTTS) has announced the acquisition of Silicon Valley-based Intelliswift for $110 million. The move aims to strengthen LTTS’ offerings in software product development, platform engineering, and digital integration, particularly in data and artificial intelligence (AI). Intelliswift serves high-profile clients across sectors like retail, fintech, and technology, including four of the top five hyperscalers and more than 25 Fortune 500 companies.With this acquisition, LTTS expands its client base and enhances its expertise in the fast-growing digital services market. Intelliswift’s $96 million revenue and its deep ties with major technology spenders are expected to provide significant synergies for LTTS, helping it to tap into new markets and cross-sell its services.The acquisition also strengthens LTTS’ position in the global engineering research and development (ER&D) outsourcing services market, which is valued at $78 billion. The deal is expected to help LTTS achieve its $2 billion revenue target in the medium term.

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train Set to Launch by 2028

India’s first bullet train is set to revolutionize high-speed travel along the western corridor, with the Mumbai-Ahmedabad high-speed rail project aiming for a 2028 launch. This announcement marks a major milestone in India’s infrastructure goals, as it promises to reduce travel time between the two economic hubs from eight hours to just three.Spanning a planned 508-kilometre stretch, the corridor stands as a flagship example of Indo-Japanese collaboration in technology and engineering. Once operational, the train is expected to transform intercity mobility and place India among the select..

Next Story
Infrastructure Transport

Mumbai-Gandhinagar Train Service Enhances Passenger Capacity

The Mumbai Central–Gandhinagar Capital Vande Bharat Express has increased its passenger capacity by adding four additional AC chair car coaches to meet the growing commuter demand on one of India’s busiest business corridors. This upgrade, effective from 11 May, raised the train’s seating capacity from 1,128 to 1,440 passengers, allowing it to serve 936 more passengers daily in both directions. The increase was described as a practical measure to accommodate the surging demand on the busy Mumbai–Ahmedabad–Gandhinagar route, which regularly operates at over 150 percent seat occupancy...

Next Story
Infrastructure Urban

Delhi Plans 12 Sewage Plants to Clean Najafgarh Drain Efficiently

Delhi’s ambitious plan to improve the water quality of the Yamuna River has gained significant momentum as the Delhi Jal Board (DJB) has begun work on 12 new sewage treatment plants (STPs) aimed at reducing the volume of untreated sewage being discharged from the Najafgarh Drain.This initiative forms part of the ongoing efforts to clean the Yamuna and restore the river’s health, which has long been a critical environmental issue for the national capital. Given the alarming pollution levels in the Yamuna, experts and officials consider this project a vital step toward addressing the persist..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?