L&T Technology Services has allotted 31,700 equity shares under ESOP on 15 December 2024. Powered by Capital Market - Live News

L&T Technology Services announced its selection by a leading global network solutions firm to provide Product Integration Services in North America, ensuring seamless deployment and support for customers across the region.The multi-year agreement, estimated at USD 50 million, will enable the company to provide comprehensive support for the client`s advanced networking solutions, ensuring seamless integration and success for customers across the region. LTTS will leverage its capabilities in AI and automation frameworks for the project deployment and execution. The partnership combines LTTS` deep expertise in engineering and R&D services with the client`s cutting-edge wireless networking solutions. Additionally, the companies aim to offer secure LTE and 5G private networks across industries, unlocking new opportunities and enabling future-ready operations. The partnership will address current market demands while positioning itself for upcoming 5G advancements under 3GPP standardsPowered by Capital Market - Live News

L&T Technology Services announced a strategic collaboration with the Colorado Smart Cities Alliance (CSCA). This partnership aims to drive innovation and technology integration in smart city development projects across the state of Colorado.The collaboration will leverage LTTS` cutting-edge engineering expertise to advance CSCA`s mission of fostering smart city solutions that improve urban living and create sustainable ecosystems. Through the collaboration of resources and expertise, both organizations aim to foster sustainable, efficient, and technologically advanced communities. LTTS stands at the forefront of smart government projects, with extensive experience in USA, India and the Middle East. The company`s comprehensive IoT offerings enhance city operations, providing security solutions, citywide surveillance, and border security systems. These initiatives optimize resource utilization and promote inter-departmental collaboration, driving operational efficiency. The strategic alliance will focus on several key areas, including smart transportation, intelligent infrastructure, energy management, and data-driven city services. Through pilot projects and collaborative research, LTTS and CSCA will explore innovative solutions that tackle urban challenges and enhance the quality of life for residentsPowered by Capital Market - Live News

L&T Technology Services has signed a definitive agreement to acquire Silicon Valley-based Intelliswift, to deepen its offerings across software product development, platform engineering, Digital Integration, Data and AI. Intelliswift services 4 of the Top 5 Hyperscalers and caters to over 25 Fortune 500 companies including 5 of the top 10 ER&D spenders in Software and Technology. With this acquisition, LTTS will also be able to address adjacent markets of Retail and Fintech, along with the Private Equity channel.The acquisition will enhance LTTS` AI and software capabilities in the Digital Engineering suite for global clients, through:Industry leading software product development, data & platform engineering capabilities Intelliswift`s AI-led automation framework which provides end-to-end automation solutions across platforms and processes. Digital enterprise & Integration services through agile engineering and next generation technologies Powered by Capital Market - Live News

L&T Technology Services (LTTS) and its wholly owned subsidiary, L&T Technology Services LLC signed agreements to acquire 100% stake in (i) Intelliswift Software (India) by the Company; and (ii) Intelliswift Software Inc. by L&T Technology Services LLC, for an aggregate consideration of up to USD 110 million. The acquisition will enhance LTTS` AI and software capabilities in the Digital Engineering suite for global clients. Powered by Capital Market - Live News