LTI to acquire digital engineering firm Cuelogic
The Hindu
Larsen & Toubro Infotech Ltd. (LTI) has signed a definitive agreement to acquire Cuelogic Technologies, a Pune-based digital engineering and outsourced product development firm.The value of th
Larsen & Toubro Infotech Ltd. (LTI) has signed a definitive agreement to acquire Cuelogic Technologies, a Pune-based digital engineering and outsourced product development firm. The value of the acquisition was not disclosed. Cuelogic’s revenue for FY21 stood at $5.50 million (unaudited), LTI said in a regulatory filing on Wednesday. Cuelogic, which employs 300 people, works with enterprise clients on multiple facets of digitalisation such as UX consulting, DevOps, AI consulting, IoT, applications modernisation, cloud architecture and integration. The company helps global enterprises to turn modern digital businesses with the help of its over 100 products, LTI said in a statement.
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