Larsen & Toubro Infotech signs deal to acquire AI specialist firm Lymbyc

Larsen & Toubro Infotech has signed a definitive agreement to acquire Lymbyc Solutions, headquartered in Bangalore along with additional offices in Chennai and Texas, US at enterprise value of Rs 38 crore.

Lymbyc has an Al led predictive insights platform that is driven by an adaptive machine learning engine providing differentiated analytics solutions to clients across industry segments.

The acquisition will bolster the advanced analytics, natural language processing and data visualization capabilities of LTI. Lymbyc's proprietary product 'Leni' complements well with LTI's Mosaic platform.

LTI and Lymbyc have been strategic partners for last one year, and have collaborated to deliver unique solutions to several leading global enterprises.

 

Lymbyc is the fifth acquisition by LTI since the company got listed in 2016. Earlier this year, the company acquired Ruletronics, a boutique Pega Consulting company, and N+P (NEILSEN+PARTNER), a Temenos Wealthsuite specialist

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