LTIMindtree, SNP launch new platform for seamless mergers and acquisitions

Mid-tier IT company LTIMindtree, in collaboration with SNP, a global provider of software for managing complex digital data transformation processes, has launched its latest platform 'MELD' for the accelerated and reliable realisation of mergers and acquisitions (M&A) and divestitures. This platform accelerates data integrations and process harmonisations for customers.
 
Enterprises embarking on these initiatives need fast, lean, cost-effective solutions tailored to address landscape consolidations, business process integrations, and technology requirements in carve-out and merger scenarios. LTIMindtree said that MELD ensures seamless data management and zero business disruption. The platform incorporates a built-in framework for innovative data discovery and management, along with accelerated cost-effective implementation, enabling enterprises to maximise business value with zero disruption to operations.
 
Vineet Moroney, SVP and Global Head of Enterprise Applications at LTIMindtree, said, “Our experience and learnings from deploying SAP have helped us develop the MELD platform in collaboration with SNP. Through this platform, we can provide accelerated discovery, reliable data management, enhanced testing, and de-risked deployment. Organisations can avoid redundancies and minimise changes, achieving maximum adoption and faster time-to-value for business outcomes.”
 
This integrated platform from LTIMindtree and SNP will be a powerful enabler for customers in manufacturing, consumer products, technology & services, and energy & utilities segments undergoing acquisitions and divestitures. The platform offers a comprehensive suite of solutions for SAP projects in an M&A context to de-risk and accelerate the journey to the target architecture.
 
This announcement follows LTIMindtree's recent inauguration of its regional headquarters in Riyadh, Saudi Arabia’s capital. This move is part of the company’s expansion efforts in Saudi Arabia and the wider Middle East region, according to Debashis Chatterjee, CEO & MD of LTIMindtree.
 
Furthermore, the IT company is establishing and expanding partnerships with several IT companies to create a competitive edge. Earlier this month, it expanded its partnership with enterprise software provider SAP to deliver innovations for complex manufacturing industries. Prior to that, the company collaborated with IBM to establish a global, joint Generative AI Center of Excellence (CoE) in India. The centre will focus on creating specific solutions to help clients accelerate their generative AI adoption journeys, it said.
 
In FY24, the company's revenue stood at ₹36,218.9 crore, up by 7.3% compared to the previous year. The company reported a net profit of ₹1,100.7 crore, declining by 1.2% year-on-year. Chatterjee referred to this as a ‘one-off’ and stated that the company will return to growth in Q1FY25.