L&T Technology Services Limited (LTTS) has signed a definitive agreement to acquire Silicon Valley-based Intelliswift Software, to enhance its capabilities in software product development, platform engineering, and AI-driven solutions.
Intelliswift, which supports four of the top five global hyperscalers and more than 25 Fortune 500 companies, will add value to LTTS’s portfolio, allowing it to expand into new sectors like retail and fintech and strengthen partnerships with major technology spenders.
The acquisition aligns with LTTS’s strategic goal to advance its offerings across digital and software product engineering, supporting its medium-term target of reaching USD 2 billion in revenue.
“Software and AI are becoming essential for our clients seeking to bring new products and differentiated solutions for the consumer. The acquisition of Intelliswift strengthens our digital and software product engineering capabilities, expands strategic client partnerships with major technology spenders, boosts our presence in Silicon Valley, and advances us towards our USD 2 billion medium-term goal,” said Amit Chadha, CEO and Managing Director, L&T Technology Services.
Intelliswift’s expertise in AI-led automation and digital enterprise solutions is expected to complement LTTS’s current digital engineering suite, enabling the company to provide advanced end-to-end automation across diverse platforms. This acquisition also enhances LTTS’s presence in Silicon Valley, positioning it as a strategic technology partner for companies that rely on innovative digital products and platforms to drive business growth.
“Joining forces with a prominent Engineering & R&D services leader like LTTS is a strategic step forward for Intelliswift. Together, we aim to become the leading technology partner for major hyperscalers and companies worldwide that depend on us for business critical products and platforms, significantly enhancing our digital offerings. Our customers will benefit from innovative advancements throughout the software and digital platform lifecycle,” said Pat Patel, Founder and Executive Chairman, Intelliswift.
