Acquisition History / L&T Technology Services Ltd / Intelliswift Software Inc
L&T Technology Services Ltd Acquires Intelliswift Software Inc
Announced November 11, 2024 — $110M
What happened
L&T Technology Services signed a definitive agreement to buy Silicon Valley-based Intelliswift Software for $110 million. Intelliswift, with $96 million of revenue, serves four of the top five hyperscalers and more than 25 Fortune 500 clients. The deal deepens LTTS's software product development, platform engineering, data and AI offerings.
- Acquirer
- L&T Technology Services Ltd
- Target
- Intelliswift Software Inc
- Announced
- November 11, 2024
- Price
- $110M
- Industry
- Software product engineering / data and AI
- Buyer type
- Strategic acquirer
- Status
- Announced, not yet closed
By the numbers
Frequently Asked Questions About This Acquisition
When did L&T Technology Services Ltd acquire Intelliswift Software Inc?
L&T Technology Services Ltd acquired Intelliswift Software Inc on November 11, 2024. This was L&T Technology Services Ltd's 1st publicly tracked acquisition out of 1 we have on record.
How much did L&T Technology Services Ltd pay for Intelliswift Software Inc?
L&T Technology Services Ltd paid $110M for Intelliswift Software Inc.
What does Intelliswift Software Inc do?
L&T Technology Services signed a definitive agreement to buy Silicon Valley-based Intelliswift Software for $110 million. Intelliswift, with $96 million of revenue, serves four of the top five hyperscalers and more than 25 Fortune 500 clients. The deal deepens LTTS's software product development, platform engineering, data and AI offerings.
What other Software product engineering / data and AI companies has L&T Technology Services Ltd acquired?
Intelliswift Software Inc is L&T Technology Services Ltd's only publicly tracked acquisition in Software product engineering / data and AI so far.