LTI Acquires Powerupcloud Technologies
Global technology consulting and digital solutions firm Larsen & Toubro Infotech Ltd. (LTI) is acquiring Powerupcloud Technologies, an Indian cloud consulting company. Terms of the deal were not disclosed.
Headquartered in Bengaluru, Powerup is a Premier Consulting Partner of AWS; a Gold Partner of Microsoft Azure; and a Cloud Consulting Partner of Google Cloud Platform. Powerupcloud was founded in 2015. The company has more than 180 employees and works with clients across India, Singapore, UAE, and the United States.
For its part, LTI has more than 300 customers while its Mosaic platform focuses on digital transformation projects, especially mobile, social, analytics, IoT, and cloud journeys. The company had more than $1 billion in revenue and over 28,000 employees as of late 2017.
LTI Gains Cloud and AI Capabilities
LTI gains two AI-based platforms to the firm’s existing suite of offerings. CloudEnsure.io is an autonomous Cloud Governance Platform that continuously monitors an enterprise’s cloud services, detects threats and compliance violations, and recommends or executes appropriate fixes. The other platform, Botzer.io, helps organizations adopt AI faster with and is designed to save time spent in trial-and-error experimentation.
Sanjay Jalona, CEO and managing director, LTI, commented:
“We see a huge market opportunity for cloud consulting across all sectors and regions. Our clients are adopting cloud to digitize their core operations and becoming data-driven organizations. Powerup strengthens our ability to partner with them in their cloud transformation journey. I welcome the customers, employees and partners of Powerup to the fast-growing LTI family.”
Siva S, Founder & CEO, Powerup, said:
“With its global customer base and agility, LTI makes the perfect home for next phase of growth of Powerup. Our expertise across major public cloud platforms offers us an enormous opportunity to grow, learn, iterate and build well-engineered technology solutions for enterprises. We are excited about the potential of rapid growth and expansion with LTI.”
Powerup is LTI’s sixth acquisition since the company in 2016 and fourth in this calendar year. Earlier in 2019, LTI acquired Ruletronics, NIELSEN+PARTNER, and Lymbyc.