LTI Announces Acquisition of Syncordis S.A.
November 14 2017 - 9:59AM
Business Wire
Larsen & Toubro Infotech Ltd. (NSE: LTI, BSE: 540005), a
global technology consulting and digital solutions Company, today
announced it has signed definitive agreements to acquire Luxembourg
based Syncordis S.A., a leading core banking implementation
services provider, along with its identified subsidiaries in
France, UK, Luxembourg and India.
Founded in 2004, Syncordis has an exclusive focus on Temenos
Digital Suites that positions it as a leading independent pure play
Temenos specialist. Syncordis has developed industry-leading
accelerators that help with faster and consistent Temenos
implementations and capture the fast-growing market opportunities
for core banking product modernization services. Europe is a growth
market for LTI and addition of these niche capabilities bring
stronger synergies with Company’s deep expertise in Banking and
Financial services segment.
Announcing the acquisition, Sanjay Jalona, CEO & Managing
Director, LTI said: “Global Banking IT spend is expected to
grow in the coming years and several banks are investing in core
banking modernization programs, especially in Europe. This is a
very synergistic move for us because Syncordis is one of Europe’s
leading core banking implementation service providers with
blue-chip clients and exclusive expertise to help with faster
implementations. This acquisition reaffirms our commitment to the
banking sector and to Europe. I am very excited to welcome
Syncordis clients, employees and partners to LTI and look forward
to the continuing leadership of Guillaume, Luc and Syncordis
management.”
Guillaume Desjonqueres, Founder & CEO, Syncordis SA
said: “Over the years, Syncordis has built an enviable reputation
as a leading independent core banking implementation specialist in
Europe. Core banking offers huge market opportunities and Syncordis
is now positioned as a natural partner for these transformative
deal based on Temenos digital Banking Suites. Acceleration in
Temenos deals signings and in pipeline growth positions us well in
the near and medium term. Therefore, we see tremendous strategic
alignment with LTI ambition to expand its footprint in the Banking
sector across Europe to continue to take market share. Together, we
can help our clients be more competitive, and to deliver innovative
services and a digital client experience.”
Luc Gesquiere, Founder & COO, Syncordis SA said: “The
combination of LTI and Syncordis is a win-win proposition for all
stakeholders representing an excellent fit for our clients,
employees and our partner Temenos. We are delighted to be joining
forces and are confident about accelerated growth due to size and
predictability. Together with LTI, we will extend Syncordis’
Temenos Digital Suites implementation leadership in Europe. Along
with entire management team of Syncordis, I am committed to our
future success.”
About LTI:
LTI (NSE: LTI, BSE: 540005) is a global technology consulting
and digital solutions Company helping more than 250 clients succeed
in a converging world. With operations in 27 countries, we go the
extra mile for our clients and accelerate their digital
transformation with LTI’s Mosaic
platform enabling their mobile, social, analytics,
IoT and cloud journeys. Founded 20 years ago as a subsidiary of
Larsen & Toubro Limited, our unique heritage gives
us unrivaled real-world expertise to solve the most
complex challenges of enterprises across all industries. Each
day, our team of more than 20,000 LTItes enable our clients to
improve the effectiveness of their business and
technology operations, and deliver value to their customers,
employees and shareholders. Find more
at www.Lntinfotech.com or follow us at @LTI_Global
About Syncordis:
Syncordis SA is a pure play core banking Temenos specialist
based out of Luxembourg. It has over 120 Temenos consultants and
offices in France, UK and India. Established in Luxembourg in
December 2004, Syncordis SA provides business and IT consultancy
focused exclusively on the Temenos digital Suites. Syncordis’s
implementation, helpdesk, monitoring and application support
services help clients reduce risks, increase efficiency and enhance
quality of their banking system, allowing them to meet business
needs on very cost-effective terms. Thanks to its customer focus
model, Syncordis enjoy an unmatched success in terms of client
satisfaction, successful projects and projects delivered in time
and on budget. This reputation is the cornerstone of Syncordis
success and fast growth. Syncordis brings rich international
execution experience in over 15 countries across Europe, Asia,
Americas, Middle East & Africa including Germany, Switzerland,
UK, France, Belgium & Luxembourg. Find more
at www.syncordisconsulting.com
More Information:
- L&T Infotech to Acquire AugmentIQ,
an Analytics Start-up
- LTI Offerings for Banking & Finance
industry
Connect with LTI:
- Read our News and Blogs
- Follow us on Twitter and LinkedIn
- Like us on Facebook
- Watch our videos on YouTube
View source
version on businesswire.com: http://www.businesswire.com/news/home/20171114006232/en/
LTINeelian HomemPR & Media Relations -
India+91-900-434-5540neelian.homem@lntinfotech.comorKarin BakisPR
& Media Relations -
USA+1-978-998-1578karin.bakis@lntinfotech.comorKatrina DixonPR
& Media Relations -
Europe+44-771-475-3308Katrina.dixon@lntinfotech.com
Lindsell Train Investment (LSE:LTI)
Historical Stock Chart
From Apr 2024 to May 2024
Lindsell Train Investment (LSE:LTI)
Historical Stock Chart
From May 2023 to May 2024