L&T - L&T Infotech Signs MoU With Dassault Systemes

Larsen & Toubro Ltd (L&T) has informed that Larsen & Toubro Infotech Ltd (L&T Infotech), one of the fastest growing IT consulting and services organizations, and a wholly-owned subsidiary of USD 4.5 billion plus the Company, have signed on February 15, 2007, a Memorandum of Understanding (MoU) with Dassault Systèmes (DS), which has head offices in France.The MoU was signed by Mr. V K Magapu, Chief Executive, L&T Infotech: Whole-time Director and Member of the Board, the Company, at Powai, Mumbai, while it was signed by Mr. Bruno Latchague, Executive Vice President, Development and Support, Industry Solutions, Dassault Systémes, in Paris while the interaction was through a video conference.DS is a world leader for Product Lifecycle Management (PLM) software solutions using the power of 3D representation. DS reported revenues of USD 1.48 billion for F.Y. 2006.Under the terms of the MoU, L&T Infotech intends to provide consulting, development and implementation services around DS end-to-end PLM portfolio.