Acquisition to enhance Larsen & Toubro Infotech ‘s Mosaic platform with Deep Learning, NLP, and Visualization capabilities
Larsen & Toubro Infotech Ltd., a global technology Consulting and Digital Solutions company, is acquiring Lymbyc. Lymbyc is a specialist AI, Machine Learning, and Advanced Analytics company. The acquisition further strengthens LTI’s fast-growing Digital and Analytics offerings.
Larsen & Toubro Infotech will Compete in AI-Based Cloud Computing Market
With growing dependence on data, global enterprises need to be better at data discovery, agile analytics, and the ability to process large datasets. Lymbyc’s expertise in these spheres will enhance Larsen & Toubro Infotech’s Mosaic platform to provide differentiated analytics solutions in a SaaS model.
At the time of this announcement, Sanjay Jalona, Chief Executive Officer and Managing Director, LTI, said —
“We believe self-service capabilities for AI and advanced analytics will be the next wave of disruption in the marketplace, and Lymbyc brings this capability to our Mosaic platform. Leni by Lymbyc is an industry-agnostic platform that solves business user’s need for experience, speed, and comprehension. I welcome Lymbyc’s experienced management team and all its employees to the LTI family.”
Satyakam Mohanty, Founder, and CEO, Lymbyc said, “As a strategic business partner of LTI during last year, we have seen first hand how LTI is leading data and digital transformation agenda for its clients. With AI becoming increasingly mainstream, we are excited to join hands with LTI and to help a larger and richer set of clients. Leni, our AI-based Virtual Analyst, is perfectly suited to deliver better value to business users and maximize their information and analytics investments.”
Getting Leni to Work for Larsen & Toubro Infotech Customers
Lymbyc is headquartered in Bengaluru, India. Since inception in 2012, the company has acquired customers in the USA, UK, Africa, and India. The company is well recognized for its unique capabilities in analytics and data-sciences space. Lymbyc was also recognized and featured in Gartner’s Market Guide for Data Analytics and Service Providers 2019.
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The core of Lymbyc’s capabilities are centered around a proprietary product, Leni. Lymbyc offers two products:
- Leni as a service
- Leni as an API
Currently, Leni solves for the entire spectrum of descriptive to predictive Business Insights, leveraging Deep Learning, Natural Language Processing, Data Visualization, and Predictive Analytics. Leni is a Virtual Analyst that allows users to conversationally access information and insights.
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LTI and Lymbyc have been strategic partners for the 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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