Larsen & Toubro Infotech (LTI) to Acquire Digital Engineering Firm Cuelogic

Larsen & Toubro Infotech (LTI) has announced the acquisition of Cuelogic Technologies. The 11-year-old company has built capabilities in digital engineering. It primarily focuses on developing cloud-native web and mobile applications, modernization. It also runs Innovation Lab as a service for its clients in the USA and India. Cuelogic works with enterprise clients on multiple facets of digitalization. This includes UX Consulting, DevOps, AI Consulting, IoT, Applications Modernization, Cloud Architecture & Integration.

Digital Engineering's a significant market opportunity, LTI said in a statement. This acquisition will provide instant access to a fast-growing business with an impressive client roster, the company added. With this acquisition, LTI will also add more than 300 employees of Cuelogic.

LTI will integrate Cuelogic with its Digital Practice.

Sanjay Jalona, CEO & Managing Director, Larsen & Toubro Infotech, said, "We believe rapid productization is an essential requirement for accelerated digitalization across industries. Our clients are looking for agile solutions to compete effectively in a changing world. The digital engineering capabilities of Cuelogic Technologies combined with their tools and methodologies will help our clients innovate, launch products, accelerate time-to-market, and maintain products optimally. I welcome the Cuelogic team, their customers, and partners to the LTI family."

Nikhil Ambekar, CEO, Cuelogic Technologies said, "When Vikrant, Neel, and I cofounded Cuelogic, our goal was to bring rapid and reliable product development services to enterprises and help them scale their digital transformation. Our digital expertise and unique culture have helped us build a solid foundation. As a company obsessed with engineering excellence, we find LTI our ideal partner for the next phase of our journey. LTI is the growth leader in the industry, and we are excited to further add strength to its formidable Digital capabilities."

This is the seventh acquisition by Larsen & Toubro Infotech since the company's listing in 2016. Earlier acquisitions have bolstered the company's expertise around data & analytics, cloud consulting, intelligent automation, and industry-specific platforms.