MUMBAI, India--(BUSINESS WIRE)--Larsen & Toubro Infotech Ltd. (NSE: LTI, BSE: 540005), a global technology consulting and digital solutions company has topped the list of ‘Challengers’ in the Everest Group’s PEAK Matrix™ Service Provider of the Year 2018 report.
Now in its third year, PEAK Matrix™ Service Provider of the Year report has introduced a separate list of ‘Challengers’. These are the top 10 service providers with annual revenue of under $2 billion establishing themselves as credible alternative to their larger peers by focusing on specific solution segments, geographies, and/or industries.
This recognition underscores LTI’s capabilities as a trusted service provider for companies seeking an outcome-oriented partner. In addition to leading the Challengers list, LTI also climbed to the 13th position in the IT Services Top 20 list from the 16th position in 2017. The Top 20 list is created using a consolidated score reflecting points received on individual evaluations in Everest Group’s PEAK Matrix™ assessments throughout the year.
Jimit Arora, Partner, Everest Group said, “As today’s enterprises navigate the complex landscape of next-generation and legacy technologies, a global business footprint and a complex provider portfolio, they are looking for service providers with strong broad-based capabilities and successful services strategies that align well with the evolving enterprise IT demand. With consistent performance across Everest Group’s PEAK MatrixTM assessments, LTI has established itself as a compelling partner for enterprises seeking a digital transformation.”
Sanjay Jalona, CEO and Managing Director, LTI said, “Global enterprises are looking for nimble and innovative partners to help them declutter emerging technologies and deliver real business outcomes. Our leading position as a challenger showcases our deep capabilities to pioneer digital solutions in a converging world. This recognition reinforces our drive to design, innovate and invest in solutions that help clients accelerate digital transformation.”
In 2017, Everest Group published 24 PEAK MatrixTM IT services evaluations featuring 67 service providers across all evaluations.
LTI (NSE: LTI, BSE: 540005) is a global technology consulting and digital solutions Company helping more than 250 clients succeed in a converging world. With operations in 27 countries, we go the extra mile for our clients and accelerate their digital transformation with LTI’s Mosaic platform enabling their mobile, social, analytics, IoT and cloud journeys. Founded 20 years ago as a subsidiary of Larsen & Toubro Limited, our unique heritage gives us unrivaled real-world expertise to solve the most complex challenges of enterprises across all industries. Each day, our team of more than 20,000 LTItes enable our clients to improve the effectiveness of their business and technology operations, and deliver value to their customers, employees and shareholders. Find more at www.lntinfotech.com or follow us at @LTI_Global
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