Larsen & Toubro Infotech Ltd. (NSE: LTI, BSE: 540005), a Mumbai, India-based technology consulting and digital solutions company, is to acquire Lymbyc (previously known as Ma Foi Analytics), a Bengaluru, India-based specialist AI, machine learning, and advanced analytics company.
Lymbyc’s expertise in data discovery, agile analytics, and in the ability to process large datasets will enhance LTI’s Mosaic platform to provide differentiated analytics solutions in a SaaS model.
Founded in 2012 by Satyakam Mohanty, Founder & CEO, and Ashish Rishi, Lymbyc provides Leni, a virtual analyst that allows users to conversationally access information and insights. It solves for the entire spectrum of descriptive to predictive business insights, leveraging deep learning, Natural Language Processing, data visualization and predictive analytics. The company has customers in the USA, UK, Africa, and India.
Led by Sanjay Jalona, Chief Executive Officer & Managing Director, LTI is a global technology consulting and digital solutions company serving than 300 clients. With operations in 30 countries, LTI provides the Mosaic platform, which enables clients’ mobile, social, analytics, IoT and cloud journeys.
It has a team of more than 28,000 people.