India:
Syncordis SA Acquired By Larsen & Toubro Infotech
27 February 2018
Nishith Desai Associates
To print this article, all you need is to be registered or login on Mondaq.com.
DEAL BRIEF
Syncordis S.A. ("Syncordis"), a
leading core banking implementation services provider in Luxembourg
along with its subsidiaries in France, United Kingdom, Luxembourg
and India were acquired by Larsen & Toubro Infotech GmbH and
Larsen & Toubro Infotech Limited
("LTI").
LTI is a global technology consulting and digital solutions
company with more than 250 clients worldwide and operations in 27
countries. It provides a wide range of IT and ITES services across
sectors such as automation, enterprise management, cyber security
and applications managements.
Founded in 2004, Syncordis (and its subsidiaries) has an
exclusive focus on Temenos Digital Suites that positions it as a
leading independent pure play Temenos specialist. Syncordis has
developed industry-leading accelerators that help with faster and
consistent Temenos implementations and capture the fast-growing
market opportunities for core banking product modernisation
services.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Corporate/Commercial Law from India
Private Equity And M&A In India: What To Expect In 2024?
Nishith Desai Associates
2023 was a year of unexpected headwinds, such as the hiking of interest rates by governments across the world, the banking sector instability in the US and Europe, the Russia-Ukraine and Israel-Hamas conflict, to name a few.
Revisiting Representation And Warranty Clauses
Obhan & Associates
Clauses related to representations, warranties and indemnifications are widely negotiated clauses of commercial contracts especially in M&A transactions. The interests of the parties to a contract typically do not align with respect ...
A Guide To Share Purchase Agreements
Gravitas Legal
Share Purchase Agreement is an agreement entered into between the buyer and seller(s) of shares of a target company. Usually Share Purchase Agreements entail that the buyer would be taking over...
ESOPs And SARs: From Ownership To Appreciation
Alaya Legal
Louis Ortho Kelso, a political economist and lawyer, back in 1956, created the first employee stock ownership scheme based on his belief that the ownership of a company...