Viswanathan says demand for digital and data services is growing almost exponentially
Chennai-based Expleo Solutions Limited will take over the business of Lucid Technologies & Solutions, a specialist in data governance, data privacy and protection, and augmented analytics on completion of acquisition by its parent group.
Global engineering, technology and consulting service provider Expleo is acquiring Lucid which has operations in Hoboken, New Jersey, and delivers services from its offshore centre in Chennai.
The acquisition includes the transfer of all Lucid’s tools, IP, business contracts and staff which comprises 50 highly skilled data specialists across India and the USA.
The company has built its business in partnership with leading platform providers in data governance, data protection and analytics, such as Collibra, BigID and Okera.
Lucid’s clients include Fortune 500 and unicorns across BFSI, healthcare, software hi-tech, retail and manufacturing.
Commenting on the news on 11 May 2022, Balaji Viswanathan, MD & CEO of Expleo India, said, “Demand for digital and data services is growing almost exponentially, across all industries and every market.
“With this business transfer, we stay at the forefront of the sector strengthening our expertise, providing even ‘better quality’ data and digital solutions for our customers and growing our market share, particularly in the US but other markets too. The integration of Lucid into the Expleo family is underway, and we expect full integration to be completed in the next six months.”
On the integration of Lucid into Expleo’s existing offerings, Prashant Bramhankar, COO of Expleo India, added, “Lucid’s data experts, product knowledge and long-standing partnerships with platform providers complement our existing data solutions.
“By combining the two, we can provide more intelligent data offerings and insights for our customers across industries including BFSI, automotive and aerospace.”
Expleo is a global engineering, technology and consulting service provider that partners with leading organisations to guide them through their business transformation, helping them achieve operational excellence and future-proof their businesses.
Expleo benefits from more than 40 years of experience developing complex products, optimising manufacturing processes, and ensuring the quality of information systems.
Leveraging its deep sector knowledge and wide-ranging expertise in fields including AI engineering, digitalisation, hyper-automation, cybersecurity and data science, the group’s mission is to fast-track innovation through each step of the value chain.
As a responsible and diverse organisation, Expleo is committed to doing business with integrity and working towards a more sustainable and secure society.
Expleo boasts an extensive global footprint, powered by 15,000 highly-skilled experts delivering value in 30 countries. fiinews.com
