lymbyc Acquired By lti

Larsen & Toubro Infotech (LTI) has signed a definitive agreement to acquire Lymbyc, a specialist AI, machine learning, and advanced analytics company for an enterprise value of Rs 38 crore.

Acquired By

Seller

Lymbyc

Buyer

Larsen & Toubro Infotech

Focus Sector

AI, ML and analytics

Larsen & Toubro Infotech (LTI) has signed a definitive agreement to acquire Lymbyc, a specialist AI, machine learning, and advanced analytics company for an enterprise value of Rs 38 crore. The acquisition will help strengthen LTI’s digital and analytics offerings.

Founded in 2012, Lymbyc is headquartered in Bengaluru and has customers in the USA, UK, Africa, and India. The core capabilities are around a proprietary product, Leni, which prefers 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. The two companies have been working together for the past year.

With growing dependence on data, global enterprises need to be better at data discovery, agile analytics, and ability to process large datasets. Lymbyc’s expertise in these spheres will enhance LTI’s Mosaic platform to provide differentiated analytics solutions in a SaaS model.

Sanjay Jalona, Chief Executive Officer & 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.”

Satyakam Mohanty, Founder & 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.”

About Buyer

Larsen & Toubro Infotech is a global technology consulting and digital solutions Company helping more than 300 clients succeed in a converging world. With operations in 30 countries, we go the extra mile for our clients and accelerate their digital transformation with LTI’s Mosaic platformenabling their mobile, social, analytics, IoT and cloud journeys. Founded in 1997 as a subsidiary of Larsen & Toubro Limited, our unique heritage gives us unrivaled real-world expertise to solve the most complex challenges of enterprises across all industries. Each day, our team of more than 28,000 LTItes enable our clients to improve the effectiveness of their business and technology operations, and deliver value to their customers, employees and shareholders.
www.Lntinfotech.com

About Seller

Lymbyc was founded in 2012 to build a robust analytical product that melded advanced technology, and strong data science and insights foundations, to empower the business leader at the point of decision making. Headquartered in Bengaluru, Lymbyc has served varied clients across the USA, UK, and India. Founded by Satyakam Mohanty, Lymbyc offers a virtual analyst, bringing to life his core mission of creating a platform to extend the insights domain beyond tools for analysts, to approximate the human analyst themselves. Satyakam’s co-founder, Ashish Rishi, has led Leni’s creation passionately, and together they have strived to bring Lymbyc’s core vision to its fruition.
www.lymbyc.com

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