Mumbai, March 07, 2017: The global IT services and solutions provider L&T Infotech or LTI (NSE: LTI, BSE: 540005) today announced it has been named a Top 15 Sourcing Standout by Information Services Group (ISG), a leading global technology research and advisory firm. LTI is listed among the Breakthrough 15 for the Americas region based on annual contract value (ACV) won over the last 12 months, according to the 4Q 2016 Global ISG Index™.
Now in its 57th consecutive quarter, the ISG Index™ provides an independent quarterly review of the latest sourcing industry data and trends. Each quarter it names the top 15 providers in the Big 15 (revenues of more than $10 billion), Building 15 (revenues between $2 billion and $10 billion) and Breakthrough 15 (revenues of less than $2 billion) categories for each region. Each Top 15 category includes providers that compete in the traditional outsourcing market, as well as those that compete in the as-a-service market, including IaaS and SaaS providers.
Sanjay Jalona, CEO and Managing Director, LTI, said, “Companies are looking for nimble partners that can be trusted with responsibility of managing large and critical programs. Being recognized among the Breakthrough 15 in the Americas by the ISG Index™ indicates our ability to win and deliver such engagements for our clients.”
LTI’s placement on the ISG Index is a direct result of the growth in strategic services in the Americas, including managed services and infrastructure and ERP transformation.
“For nearly 15 years, the ISG Index™ has been the authoritative source for marketplace intelligence related to outsourcing transaction structures and terms, industry adoption, geographic prevalence and service provider performance,” said Paul Reynolds, chief research officer of ISG. “L&T Infotech continues to establish itself as a leading and growing player in the global market based on its volume of business in relation to other industry providers.”