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LTI to acquire Germany-based Nielsen+Partner

IANS  |  New Delhi 

Infotech (LTI), the IT services arm of engineering and (L&T) Ltd., on Thursday said it had signed a definitive agreement to acquire Germany-based IT consulting firm Nielsen+for an undisclosed amount.

specialises in WealthSuite, an integrated for wealth managers.

Aimed at enriching the company's offerings for its clients, this acquisition is in line with LTI's acquisition of in 2017. is a leading Platform specialist with widespread presence in Europe, whereas has built expertise in the front office of WealthSuite.

is a leading of Temenos in and the region.

Geneva, Switzerland-headquartered Temenos is a leading provider of software.

Upon integration, N+P's Temenos will be consolidated under the brand of Syncordis, while the will operate and expand as part of Germany, said.

"The acquisition of N+P will help us further establish as a in the fast-growing market for Temenos and help our clients navigate their digital transformation journey. I welcome the employees and clients of N+P to LTI family," Sanjay Jalona, Chief Executive Officer and Managing Director, LTI, said in a statement.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, February 14 2019. 13:06 IST