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Expleo Solutions gets nod to acquire IP and technical knowhow from Lucid

28 Mar 2022 Evaluate

Expleo Solutions’ board has considered and approved the definitive agreements to be entered with Lucid Technologies and Solutions and its subsidiary Lucid Technologies and Solutions LLC (Lucid) towards purchase of their specific assets i.e. Intellectual Property (IP) and Technical Knowhow in India and Customer Contracts in US. The definitive agreements will be executed with effective date as April 01, 2022.

Lucid is engaged in the activity of Data Governance, Data Security and analytics led by their IP driven accelerators, capabilities. Lucid partners with leading data governance platform vendors. They have marquee clients in the US delivering value through their proprietary tools, assets and Agile, CMMi and PSP methodologies.

Expleo Solutions is an India based software service provider primarily delivering software validation and verification services to the banking, financial services and insurance industry worldwide. 

Peers
Company Name CMP
TCS 2496.00
Infosys 1182.00
HCL Technologies 1428.00
Wipro 198.00
Tech Mahindra 1792.20
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