LTIMindtree Ltd.

Larsen & Toubro Infotech (LTI) has signed a definitive agreement for acquisition of 100% shareholding of PowerupCloud Technologies. This acquisition will help LTI strengthen its cloud services capabilities through a combination of right leadership, team, assets and ecosystem connects, which in turn will enable LTI to provide better services to its existing and new clients. The acquisition is subject to customary closing conditions which are expected to get completed within 6 weeks.

LTI is a global technology consulting and digital solutions company helping more than 300 clients succeed in a converging world.