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.
CIO News, a proprietary of Mercadeo, produces award-winning content and resources for IT leaders across any industry through print articles and recorded video interviews on topics in the technology sector such as Digital Transformation, Artificial Intelligence (AI), Machine Learning (ML), Cloud, Robotics, Cyber-security, Data, Analytics, SOC, SASE, among other technology topics