LTIMindtree Integrates Syncordis and Nielsen+Partner to Form Banking Transformation Practice

LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, announced integration of its subsidiaries; Syncordis and Nielsen+Partner to form a specialized Banking Transformation Practice (BTP). LTIMindtree's BTP is uniquely positioned to deliver end-to-end Consulting, Digital and IT services, leveraging commercial off-the-shelf (COTS) products and platforms serving Banks and Capital Market firms.

LTIMindtree acquired Syncordis in December 2017 and Nielsen+Partner in January 2019. Through this integration, LTIMindtree aims to combine complementary capabilities of two successful companies with a proven track record in delivering industry-leading growth.

Nachiket Deshpande, Whole-Time Director and Chief Operating Officer, LTIMindtree, said, "We envision the newly formed Banking Transformation Practice to deeply serve our global clients, empower strategic partnerships and deliver productized services. We are confident that by enabling end-to-end transformation for our clients, BTP will help LTIMindtree deliver industry-leading growth."

Guillaume Desjonqueres, Chief Executive Officer, Syncordis, said, "In LTIMindtree BTP, customers will find a partner, large enough to champion their end-to-end complex transformational aspirations and nimble enough to care deeply for them. We are excited about this integration, the potential of deeply serving our global clients and success it brings for all of us."

LTIMindtree's BTP will offer customers significantly enhanced product/platform capabilities, a more diverse set of end-to-end, core-to-consumer offerings further augmented by deeper industry partnerships and a highly skilled talent pool.

Shares of LTIMindtree Limited was last trading in BSE at Rs. 5960.00 as compared to the previous close of Rs. 6142.65. The total number of shares traded during the day was 12275 in over 2153 trades.

The stock hit an intraday high of Rs. 6129.90 and intraday low of 5954.15. The net turnover during the day was Rs. 73535537.00.

Source : Equity Bulls

Keywords

LTIMindtree INE214T01019 Integration Subsidiaries Syncordis NielsenPartner