AI and ML: Cressanda Solutions acquires Lucida Technologies

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AI and ML: Cressanda Solutions acquires Lucida Technologies
AI and ML: Cressanda Solutions acquires Lucida Technologies

A digital technology company, Lucida Technologies provides support services such as data analytics, AI and ML, full-stack, mobile and RPA

To mark its maiden foray into the fields of AI and ML, Cressanda Solutions Limited, a BSE-Listed technology and software services company, has acquired a 100 per cent stake in Bengaluru-based Lucida Technologies.

To acquire 100 per cent of the issued and outstanding equity interests of Lucida and its subsidiaries, Cressanda Solutions signed a non-disclosure and LOI with Lucida Technologies.

For global customers, Cressanda, with this acquisition, intends to become a one-stop-shop for high-end technological solutions.

A digital technology company, Lucida Technologies provides support services such as data analytics, AI and ML, full-stack, mobile and RPA.

Lucida reported annual revenue of INR 7.99 CR. as of 31 March 2022. “With a greater range of technology and services offerings, Cressanda and Lucida can leverage scale and enhance existing customer relationships,” said a company spokesman.

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