ENGINEERING TECH

Digital Engineering Services Firms Apexon and Infostretch Agree to Merge

Apexon | February 17, 2022

Digital Engineering Services Firms Apexon
Technosoft Corporation, doing business as Apexon (“Apexon”), and Infostretch Corporation (“Infostretch”) announced that they have signed a definitive agreement to merge the two companies. As part of the combined organization, Apexon will join a family of portfolio companies of the Goldman Sachs Asset Management Private Equity business and of Everstone Group. Closing is subject to certain conditions, including regulatory approvals.The combined organization will have the expertise and resources to serve its enterprise clients across digital product and platform engineering, data engineering and analytics, native cloud engineering, customer experience design, and artificial intelligence and machine learning. With 8,000+ employees around the globe, the company is well-positioned to help its clients formulate and execute on their digital journey efforts.

After closing, the combined company will be led by Executive Chair Sumithra Gomatam and Chief Executive Officer Sriniketh Chakravarthi. The two bring over 50 years of experience in the digital IT services industry with former leadership positions in world-class organizations such as Cognizant and Tech Mahindra.

The two co-founders of Infostretch – Chief Executive Officer Rutesh Shah and Chief Operating Officer Manish Mathuria – will join the Board of Directors as Vice Chairmen. Radhakrishnan Gurusamy, founder and current Chairman of Apexon, will also join the Board of Directors.

“The need for digital expertise continues to grow as organizations look for new ways to apply the latest technologies to drive their businesses forward, Through the merger with Apexon, we can offer new solutions and enhance the impact of our clients’ strategic digital initiatives in order to deliver on their critical business objectives. The Apexon team brings both scale and maturity and positions the company for long-term partnerships with our clients.”

-Rutesh Shah, co-founder of Infostretch.

Combining Apexon’s ability to incorporate the human element into the digital experience with Infostretch’s digital engineering depth creates a truly unique value for our client base,” said Radhakrishnan, founder of Apexon. “We are excited to be part of the Goldman Sachs Private Equity and Everstone Group portfolios. Together we can help our customers fully leverage digital capabilities to reinvent the way they engage with their customers and enable real competitive differentiation.

About Apexon
Apexon is a digital technology services and platform solutions company that partners with clients to improve their digital experience and insight. With more than 25 years of experience, 5,000+ digital experts in more than 10 offices worldwide are helping companies enhance their digital experience with their customers. Apexon works in the areas of digital experience, analytics, artificial intelligence, and cloud development to unlock the power of technology for our clients to empower humans with intelligent and experiential solutions. https://www.apexon.com/

About Infostretch
Infostretch is a pure-play digital engineering services firm focused on helping companies accelerate their digital initiatives from strategy and planning through execution. Infostretch leverages deep technical expertise, Agile methodologies, and data-driven intelligence to modernize systems of engagement and simplify human-tech interaction. Infostretch delivers custom solutions that meet customers’ technology needs wherever they are in their digital lifecycle. Backed by the Private Equity business within Goldman Sachs Asset Management and Everstone Group, Infostretch works with both large enterprises and emerging innovators — putting digital to work to enable new products and business models, engage with customers in new ways, and create sustainable competitive differentiation. https://www.infostretch.com/

Spotlight

Recent research from Jobsite has revealed product designer, developer and engineer to be the three most appealing jobs in 2017. The research marks a shift away from aspiring to a career in entertaining for Generation Z - a generation it paints as the first digital natives, social media savvy with a conscience.

Spotlight

Recent research from Jobsite has revealed product designer, developer and engineer to be the three most appealing jobs in 2017. The research marks a shift away from aspiring to a career in entertaining for Generation Z - a generation it paints as the first digital natives, social media savvy with a conscience.

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CONSTRUCTION

Construction Resources Acquired by Mill Point Capital

Construction Resources | July 19, 2022

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CONSTRUCTION

Autodesk Expands Learning Resources to Boost Digital Skills of Construction Teams in the Office, Trailer and Field

Autodesk | July 21, 2022

As part of its strategy to provide customers with digital tools for a competitive advantage in the market, Autodesk, Inc. (NASDAQ: ADSK) today launched the next phase in its effort to upskill current construction workers and help the industry engage the next generation of prospective recruits. The company's latest initiatives, Construction Master Class and the Autodesk Construction Cloud Learning Center, allow construction industry professionals to learn new skills, advance their career and future-proof their businesses. The construction labor shortage and digital skills gap are global challenges. According to the latest annual survey by Associated General Contractors of America and Autodesk, 89 percent of construction firms in America are having a difficult time filling hourly craft positions and 86 percent are struggling to fill salaried positions. Sixty-one percent of firms surveyed said their projects are being delayed because of workforce shortages. 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Construction Master Class allows viewers to hear directly from industry leaders and Autodesk experts on how to deliver critical project outcomes like better cost control, improved quality management and standardized field collaboration workflows – all through a mix of personal stories, use cases and examples of "what not to do." Autodesk Construction Cloud Learning Center houses easy-to-follow courses free to everyone and translated into five languages on how to use Autodesk Construction Cloud products, including Autodesk Build, Autodesk Takeoff and Autodesk Docs. Learning paths include videos that provide specific and practical instructions on using Autodesk Construction Cloud solutions to excel with digital construction skills such as setting up project templates, tracking issues, managing RFI and submittal workflows and collaborating with project members. 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ENGINEERING TECH

ISG positions L&T Technology Services as Leader in Digital Engineering Services

L&T Technology Services | June 27, 2022

L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a leading global pure-play engineering services company, today announced that it has been positioned as a ‘Leader’ in all 5 quadrants for the North America market in the 2022 ISG Provider Lens™ Digital Engineering Services report. ISG recognized LTTS’ leadership competencies across Design and Development (Products Services, Experience), Connected and Intelligent Operations - Discrete Industries, Connected and Intelligent Operations - Process Industries. LTTS has also been rated as a ‘Leader’ in Integrated Customer/User Engagement & Experience and Platforms & Application Services in North America. LTTS has been recognized for its emerging engineering frameworks, connected operations in discrete industries and transformation journeys across multiple verticals. LTTS’ range of Machine Learning (ML), IoT and digital service offerings is further augmented by an engineering design talent pool with capabilities in digital technologies to deliver world-class products and services, ISG noted. “Over the years, LTTS has become the preferred ER&D Services partner for major global organizations, supporting such enterprises with best-in-class digital engineering services. LTTS brings with it a perfect alignment of digital competencies, deep engineering expertise, end-to-end view of digital value chains and products and services across all phases of the utility curves and lifecycles. LTTS’ proficiency in engineering services is not only confined to the technical aspects but is also amply demonstrated in its culture of innovation, patent portfolio and expertise in hardware architecture.” -Mr. Jan Erik Aase, Partner & Global Head – ISG Provider Lens, ISG Research. “LTTS has successfully helped clients transform the value proposition of their product and services by architecting and executing future-ready digital product and platform roadmaps through user-centered services. We have been investing in digital and leading-edge technologies and providing a wide range of services from chip to cloud as more of our customers are embarking on the journey to digital transformation, both in products as well as the shop floor. This strategy has helped us become the partner of choice to over 300 global customers. This recognition by ISG is an endorsement of our business value and impact.” -Mr. Abhishek Sinha, Chief Operating Officer and Member of the Board, L&T Technology Services. About L&T Technology Services Ltd- L&T Technology Services Limited (LTTS) is a listed subsidiary of Larsen & Toubro Limited focused on Engineering and R&D (ER&D) services. We offer consultancy, design, development and testing services across the product and process development life cycle. Our customer base includes 69 Fortune 500 companies and 57 of the world’s top ER&D companies, across industrial products, medical devices, transportation, telecom & hi-tech, and the process industries. Headquartered in India, we have over 20,800 employees spread across 17 global design centres, 28 global sales offices and 89 innovation labs as of March 31, 2022.

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