L&T Infotech acquired Cuelogic in $8.4mn deal

L&T Infotech acquired Cuelogic in $8.4mn deal L&T Infotech Ltd. is acquring Pune-based Cuelogic Technologies in a $8.4-million deal, as it hopes to take advantage of the market opportunity introduced by digital engineering.

Cuelogic will be incorporated with the advanced act of the L&T Group firm.

The obtaining, L&T Infotech’s seventh since posting in 2016, will give the mid-level IT firm moment access to a quickly developing business with an amazing customer program, and in excess of 300 representatives. With more than 100 items, Cuelogic works in regions like UX Consulting, DevOps, AI Consulting, Internet of Things, Applications Modernization, and Cloud Architecture and Integration.

Established in 2010, Cuelogic has built capabilities in digital engineering and primarily focuses around creating cloud-native web and mobile applications. It runs Innovation Lab as an assistance for its customers in the US and India. The organization announced incomes of $5.5 million in FY21.