Published On: Wed, May 19th, 2021

Larsen & Toubro to acquire B2B SaaS company Help Lightning for $2.5m

Tagged with: | | |

Larsen & Toubro (L&T) said that its fully-owned subsidiary Larsen & Toubro International has agreed to acquire a stake of 6.35% in Help Lightning, a -based B2B software as a service () company for $2.5 million in cash.

Help Lightning provides a mixed reality platform for enabling virtual collaboration for field service operations.

Its cloud-based solution by applying augmented reality features, which include the merging of two video streams and the use of 3D annotation, is claimed to enhance real-time communications and solve complex problems.

Larsen & Toubro to acquire B2B SaaS company Help Lightning for $2.5m

Larsen & Toubro to acquire B2B SaaS company Help Lightning for $2.5m. Photo courtesy of Tumisu from Pixabay.

The company is claimed to have more than 50,000 users across 88 countries. It operates in the US and has a captive development center in .

Help Lightning had made revenue of $3.9 million in 2020.

Larsen & Toubro expects to close the deal by 22 May 2021.

Related posts

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>