Acquisition to bolster Tech Mahindra’s ability to simplify the digital transformation journey for enterprises through end-to-end digital product engineering capability
Tech Mahindra, a leading provider of digital transformation, consulting and business re-engineering services and solutions, announced that it has acquired Lodestone, a leading digital engineering quality assurance provider for new age digital companies. The acquisition sets up Tech Mahindra as a leader in the digital engineering space by enhancing its capability to provide end-to-end quality assurance services across hardware, software, and data layers.
Manish Vyas, President – Communications, Media & Entertainment & CEO, Network Services, Tech Mahindra, said, “The pandemic expedited the digital transformation agenda for companies and we are seeing an increasing demand around next-gen technologies from our clients to simplify and modernize their core businesses for global scale. The acquisition of Lodestone is synergistic with our existing domain expertise and new-age digital transformation capabilities.”
Founded in 2005 with headquarters in Pleasanton, California, Lodestone provides digital engineering quality assurance services for new age digital companies through two service lines – Data Quality for data-intensive AI (Artificial Intelligence) and ML (Machine Learning) products and the human-labelling ecosystem, and Product Quality for software and hardware products and platforms.
Dipam Patel, Founder and CEO, Lodestone. said, “For 15 years, Lodestone has been dedicated to providing digital product and data quality solutions to fast growing technology platform companies. Our team’s obsession with Quality has enabled our clients to consistently deliver amazing product experiences and unleash value for their users which has been the ultimate reward for our efforts. Product leaders around the world are pushing the Quality and Engineering efficiency bar higher like never before and I am thrilled to partner with Tech Mahindra to leverage our combined expertise and scale to bring more innovative, agile and industry leading services for this high-growth market.”
Abhishek Shankar, President – Communications, Media & Entertainment, Americas, Tech Mahindra, said, “The acquisition of Lodestone marks an important milestone in Tech Mahindra’s growth journey. It will further enhance our ability to simplify the digital transformation journey for enterprises through our end-to-end digital product engineering capability across Design, Build, and Test. Lodestone’s reputation in Product and Data quality for high-velocity engineering pipelines is stellar. We welcome the highly talented global workforce to the Tech Mahindra Family”
As part of NXT.NOWTM framework, which aims to enhance ‘Human Centric Experience’, Tech Mahindra focuses on investing in emerging technologies and solutions that enable digital transformation and meet the evolving needs of the customer.
About Tech Mahindra
Tech Mahindra offers innovative and customer -centric digital experiences, enabling enterprises, associates and the society to Rise. We are a USD 5.1 billion organization with 141,100+ professionals across 90 countries helping 1123 global customers, including Fortune 500 companies. We are focused on leveraging next-generation technologies including 5G, Blockchain, Cybersecurity, Artificial Intelligence, and more, to enable end-to-end digital transformation for global customers. Tech Mahindra is one of the fastest growing brands and amongst the top 15 IT service providers globally. Tech Mahindra has consistently emerged as a leader in sustainability and is recognized amongst the ‘2021 Global 100 Most sustainable corporations in the World’ by Corporate Knights. With the NXT.NOWTM framework, Tech Mahindra aims to enhance ‘Human Centric Experience’ for our ecosystem and drive collaborative disruption with synergies arising from a robust portfolio of companies. Tech Mahindra aims at delivering tomorrow’s experiences today, and believes that the ‘Future is Now’.
We are part of the Mahindra Group, founded in 1945, one of the largest and most admired multinational federation of companies with 260,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate. The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise.