L&T Technology Services expands with acquisition of Silicon Valley-based Intelliswift

L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a leading global player in engineering and technology services, has announced a definitive agreement to acquire Intelliswift, a Silicon Valley-based digital technology solutions firm, to broaden its capabilities across software product development, platform engineering, digital integration, data, and artificial intelligence (AI). The acquisition is poised to reinforce LTTS’s digital engineering suite, particularly enhancing its presence in software and AI-driven solutions for high-demand industries.

Expanding Capabilities with Strategic Acquisition

Intelliswift serves four of the top five hyperscalers globally and collaborates with over 25 Fortune 500 companies, including five of the top ten ER&D (engineering and R&D) spenders in the software and technology sectors. Through this acquisition, LTTS not only strengthens its foothold in core digital markets but also gains access to adjacent fields such as retail, fintech, and private equity, opening new growth channels and diversifying its client base.

The acquisition aligns with LTTS’s commitment to achieving its $2 billion medium-term revenue target and elevates its digital capabilities in line with growing demand for AI and software-driven innovation.

Key Offerings Enhanced by Intelliswift’s Expertise

1. Advanced Software Product Development and Platform Engineering: The deal brings industry-leading software and platform engineering capabilities to LTTS, enhancing its ability to deliver high-quality, innovative products tailored to global clients.
2. AI-Driven Automation Framework: Intelliswift’s robust AI-led automation solutions will enable LTTS to offer comprehensive automation across multiple platforms and processes, addressing the increasing demand for efficient, scalable digital solutions.
3. Digital Enterprise & Integration Services: Intelliswift’s agile engineering and next-generation technologies will strengthen LTTS’s digital integration capabilities, supporting enterprises seeking seamless digital transformations.

Strategic Statements on the Acquisition

Amit Chadha, CEO and Managing Director of L&T Technology Services, noted that software and AI are now crucial for clients aiming to bring differentiated solutions to consumers. He shared that the acquisition of Intelliswift would bolster LTTS’s digital and software product engineering, enhance strategic partnerships with major technology clients, and expand LTTS’s Silicon Valley presence, advancing it towards its $2 billion revenue goal. Chadha welcomed Intelliswift’s team to LTTS, anticipating an era of “Purposeful. Agile. Innovation” in the company’s growth.

Pat Patel, Founder and Executive Chairman of Intelliswift, viewed the acquisition as a significant milestone for his company. He emphasized that joining forces with LTTS, a leader in engineering and R&D services, would position Intelliswift to become a key technology partner for hyperscalers and other leading companies worldwide. Patel highlighted that their combined expertise would drive innovation throughout the software and digital platform lifecycle, benefiting clients with enhanced digital offerings.

Driving Growth and Innovation in Silicon Valley and Beyond

This acquisition strengthens LTTS’s position in the competitive Silicon Valley market and reinforces its capacity to serve high-profile clients in technology-driven sectors. By incorporating Intelliswift’s AI-led frameworks and agile engineering, LTTS can deliver end-to-end solutions, from product ideation to automation and integration, positioning itself as a critical technology partner in the evolving landscape of digital transformation.