LTI to Acquire Germany Based NIELSEN+PARTNER

Acquisition establishes LTI as a leading global partner for Temenos

MUMBAI, India–(BUSINESS WIRE)–lt;a href=”” target=”_blank”gt;#GuillaumeDesjonquereslt;/agt;–Larsen & Toubro Infotech Ltd. (NSE: LTI, BSE: 540005), a global
technology consulting and digital solutions company, has signed a
definitive agreement to acquire NIELSEN+PARTNER (N+P), an independent
Temenos WealthSuite specialist, headquartered in Hamburg, Germany.

N+P is a leading partner of Temenos in Europe and APAC. The company is
well-recognized for its market-leading capabilities in Temenos
WealthSuite, including Triple’ A Plus, Data Source and Channels. With
presence in major Banking and Wealth Management hubs like Switzerland,
Luxembourg, and Singapore, N+P also provides IT Consulting, digital and
software engineering services to major enterprises.

This acquisition is synergistic to Syncordis acquisition that LTI
announced in 2017. Syncordis is the leading Temenos T24 Core Banking
Platform specialist with widespread presence in Europe, whereas N+P has
built comprehensive expertise in the front office of Temenos
WealthSuite. Together with Syncordis, N+P strengthens LTI’s capabilities
as a global expert of Temenos suite of products and enriches company’s
offerings to Banking clients. Upon 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.

Sanjay Jalona, Chief Executive Officer & Managing Director, LTI,
said: “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.”

Manuel Brunckhorst, CEO, N+P said: “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.”

Guillaume Desjonqueres, CEO, Syncordis said: “Syncordis
has been growing at a faster pace since its acquisition by LTI. With LTI
acquiring N+P, we are entering into a new phase, expanding both our
Temenos offerings and our footprint outside of Europe. In line with our
strategic vision, Syncordis and N+P together with LTI will provide
complete and innovative services to Temenos clients in the Banking and
Wealth Management space, globally.”

This is the fourth acquisition by LTI since the company got listed in
2016. In January 2019, the company acquired Ruletronics, a boutique Pega
Consulting company.

About LTI:

Larsen & Toubro Infotech (NSE: LTI, BSE: 540005) is a global technology
consulting and digital solutions Company helping more than 300 clients
succeed in a converging world. With operations in 30 countries, we go
the extra mile for our clients and accelerate their digital
transformation with LTI’s Mosaic platform enabling their mobile, social,
analytics, IoT and cloud journeys. Founded in 1997 as a subsidiary of
Larsen & Toubro Limited, our unique heritage gives
us unrivaled real-world expertise to solve the most complex challenges
of enterprises across all industries. Each day, our team of more than
27,000 LTItes enable our clients to improve the effectiveness of their
business and technology operations, and deliver value to their
customers, employees and shareholders. Find more at
or follow us at @LTI_Global

About Syncordis:

Syncordis S.A., a wholly owned subsidiary of Larsen & Toubro Infotech
(LTI), is a pure-play core banking transformation specialist with more
than 150 Temenos consultants. Established in 2004, Syncordis S.A. has
offices in Luxembourg, France, UK and India, and provides business and
IT consultancy focused exclusively on Temenos solutions. Syncordis’
implementation, helpdesk, monitoring and application support services
help clients reduce risks, increase efficiency and enhance quality of
their banking systems. Syncordis brings rich international execution
experience in over 15 countries across Europe, Asia, Americas, Middle
East & Africa including Germany, Switzerland, UK, France, Belgium &
Luxembourg. Find more at

About N+P:

N+P is an IT consulting company specializing in implementation,
customization and operation of Temenos WealthSuite, and software
engineering in Germany. With offices in Hamburg (HQ), Zurich, Singapore,
Luxembourg, Brussels, Sydney and Bangkok, N+P takes pride in providing
exemplary service to customers and partnering in their transformations.
The company brings together years of experience, reliability, commitment
and a sense of responsibility to its engagements. More information at

Connect with LTI:


Neelian Homem
PR & Media Relations – India

Karin Bakis
PR & Media Relations – USA

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