LTI Acquires NIELSEN + PARTNER
Larsen & Toubro Infotech, a global technology consulting and digital solutions company has acquired NIELSEN+PARTNER (N+P), an independent Temenos WealthSuite specialist headquartered in Hamburg, Germany. N+P will strengthen LTI’s capabilities as a global expert of Temenos suite of products and enriched company’s offering to Banking clients.
Sanjay Jalona, CEO & MD, LTI, says, “Temenos is the world leader in banking software. Since the Syncordis acquisition, this has been a fast-growing practice for us, enabling resilient relationships and rich, cross-selling opportunities. The acquisition of N+P will help us further establish LTI as a formidable player in the fast-growing market for Temenos and help our clients navigate their digital transformation journey. I welcome the employees and clients of N+P to LTI family”.
Being a leading partner of Temenos in Europe and APAC, N+P is well known for its market-leading capabilities in Temenos WealthSuite, including Triple’ A Plus, Data Source and Channels. It also provides IT Consulting, digital and software engineering services to major enterprises. N+P has its presence in major banking and wealth management hubs like Switzerland, Luxembourg and Singapore.
However, the acquisition is synergistic to Syncordis acquisition that was announced in 2017. With this integration, N+P’s Temenos business will be consolidated under the brand of Syncordis, while software engineering business will operate and expand as part of LTI Germany.
“Joining forces with strategic and complementary partners like LTI and Syncordis is the next logical step to accelerate our growth, enhance our capabilities and extend our services, both for Temenos, as well as software engineering services. We are very excited about the future and continuing our journey with our existing and new clients, employees and partners”, comments, Manuel Brunckhorst, CEO, N+P.
Started in 1997, L&T operates in 30 countries and the team of 27,000 LTItes improves the effectiveness of their business and technology operations and thus delivers value to their customers, employees and shareholders. It accelerates their digital transformation with LTI’s Mosaic platform enabling their mobile, social, analytics, IoT and cloud journeys.
Headquartered at Hamburg, N+P is an IT consulting company specializing in implementation, customization and operation of Temenous WealthSuite, and software engineering in Germany. It also has its offices at Zurich, Singapore, Luxembourg, Brussels, Sydney and Bangkok and with the experience it brings reliability, commitment and a sense of responsibility to its engagements.
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