L&T Tech acquires software company Intelliswift for $110 million

L&T Technology Services (LTTS) has announced the acquisition of Intelliswift, a California-based software and artificial intelligence (AI) company, in a deal valued at $110 million. This acquisition aims to strengthen LTTS’s expertise in software product development, platform engineering, digital integration, data, and AI.

“With this acquisition, LTTS will also be able to address adjacent markets in retail and fintech, along with the private equity channel,” the company said in a statement.