Info-tech

L&T Infotech acquires consulting firm Ruletronics for Rs 53 crore

Varun Aggarwal Mumbai | Updated on January 17, 2019 Published on January 17, 2019

This is LTI’s third acquisition since it went public in 2016

Larsen & Toubro Infotech on Thurday acquired Ruletronics, a pure-play Pega consulting and implementation company with offices in the UK, USA, and India for $7.48 million (Rs 53 crore).

The acquisition will strengthen LTI’s rapidly growing digital business with a suite of capabilities in Pega implementation space around establishing BPM Roadmap & Strategy, Customer Services, RPA and Decisioning.

Nachiket Deshpande, COO, LTI said, “Pega is a leader in Intelligent Business Process Management segment with more than 3,000 customers globally. Ruletronics brings significant Pega and BPM expertise along with unique client relationships that will help us grow our digital business further.”

Ruletronics enables businesses to transform and evolve digitally by providing BPM and CRM solutions leveraging Pega Platform. Their current industry strength lies across Insurance, Banking, Healthcare and Retail segments. The company offers product based offerings for Disability Claims management, KYC Bulk Remediation, and Insurance Sales & Service applications.

Total revenue of Ruletronics for the previous 12 months period ended March 31, 2018 was around $3.35 million.

Naveen Anisetty, Managing Director and Founder, Ruletronics said: “At Ruletronics, our mission has been to understand and analyze our client’s business needs and deliver strategic BPM solutions to transform their business processes forever. We are excited about joining forces with LTI to continue this journey, further.”

This is LTI’s third acquisition since the company went public in 2016. It earlier acquired Pune-based AugmentIQ, an analytics start-up and Luxembourg-based Syncordis Consulting, a leading implementation partner of Temenos, in Europe.

Published on January 17, 2019
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