Bookmark Bookmark

Larsen & Toubro Infotech to acquire Bengaluru-based Lymbyc

Larsen & Toubro Infotech (LTI) will acquire Bengaluru-based advanced analytics company Lymbyc for an enterprise value of Rs 38 crore.

The acquisition will bolster the advanced analytics, natural language processing and data visualisation capabilities of LTI, thereby enabling us to offer differentiated analytics solutions to clients, the company said in a regulatory filing said.

"The enterprise value for 100 per cent share capital of Lymbyc is Rs 380 million on a cash-free, debt-free basis, which will be paid as a combination of upfront and three-year earn-out payments," it said.

It added that the consideration value is subject to working capital adjustments.

The transaction is expected to be completed in four-six weeks.

Lymbyc is the fifth acquisition by LTI since the company got listed in 2016.

You might be interested:

Veteran Bengali actor Swarup Dutta passes away

Veteran Bengali actor Swarup Dutta, best known for his versatile roles in films of the 1960s and 1970s, died. He was 78. The actor had got his first break in Tapan Sinha's 'Apanjan' (1968). The film w ...

2 years ago

Israel inks USD 50 mn deal with India to supply complementary Naval MRSAM systems

State-owned Israel Aerospace Industries (IAI) said it has inked a follow-up deal worth USD 50 million to supply complementary Naval MRSAM (medium range surface-to-air missile) systems to the Indian Na ...

2 years ago

Shooter Anish Bhanwala wins gold in junior World Cup

Anish Bhanwala claimed the gold medal in 25m rapid fire pistol competition to continue India's dominance in the ISSF Junior World Cup in Suhl, Germany. Bhanwala topped the qualification with 584 and s ...

2 years ago

East Bengal to confer Kapil Dev with highest honour, host ceremonial farewell for Bhaichung Bhutia

India's first World Cup-winning cricket Captain Kapil Dev will be conferred East Bengal's highest honour, Bharat Gaurav, during its Foundation Day on August 1. The red-and-gold also plans to host a ce ...

2 years ago

Incredible India Campaign Wins Pata Gold Award 2019

The Incredible India "Find the Incredible You" campaign released globally by the Ministry of Tourism during 2018-19 has been declared winner of the PATA (Pacific Asia Travel Association) Gold Award 20 ...

2 years ago

One Liners of the Day, 18 July 2019

Days in Focus World Day for International Justice - July 17. International  On July 17, the Ministry of Commerce & Industry has been decided to establish fast-track system for companies an ...

2 years ago

Provide your feedback on this article: