One of India’s leading AI-based analytics solutions provider Lymbyc will be acquired by LTI, a leading global technology consulting and digital solutions company. Last year, the two companies have inked an MoU to tap into the growing shift in market demand from an IT-led, system of record reporting to business-led, agile analytics, including self-service.
Earlier last year in March, the two companies forged a strategic alliance to focus on building analytics solutions through jointly developed industry-focused offerings across verticals like Pharma/Life Sciences, CPG, media & entertainment, retail/e-commerce and consumer banking.
According to Sanjay Jalona, CEO & Managing Director, LTI, “We believe self-service capabilities for AI and advanced analytics will be the next wave of disruption in the marketplace, and Lymbyc brings this capability to our Mosaic platform. Leni by Lymbyc is an industry-agnostic platform that solves business user’s need for experience, speed, and comprehension.”
Bangalore based Lymbyc is the fifth acquisition by LTI since the company got listed in 2016, a news report indicated. Earlier this year, LTI acquired Hyderabad based CRM solutions provider Ruletronics and Germany based IT Consultancy company N+P (NEILSEN+PARTNER), a Temenos Wealthsuite specialist.
Lymbyc that was previously called Ma Foi Analytics was founded in 2012 to build robust analytical products that provides advanced technology, and strong data science and insights foundations, to enable business leader in decision making. The startup founded by Satyakam Mohanty floated the concept of “virtual analyst” .