LOLCTECH receives honours in ICT sector
View(s):LOLC Technologies (LOLCTECH), the pioneering force in transformative technologies and the digital backbone of the LOLC Group, Sri Lanka’s largest and most diversified conglomerate has been honoured with two national accolades at the recent National Business Excellence Awards (NBEA) 2025, marking the first national awards in the company’s history, the company said in a media release.
LOLCTECH has transformed from an internal support role into a self-sustaining, independently operated technology company. Today, it serves over 15,000 users locally and internationally across LOLC’s extensive operations. LOLCTECH is also LOLC Group’s centralised shared IT Service Provider, supporting the group across a wide spectrum of Information Technology and Security services in Sri Lanka and in over 26+ countries.
The company has developed four key next-generation products, each carrying LOLC owned intellectual property, which is being leveraged internally across the group and externally, including on international platforms. These innovations include “FusionX,” Sri Lanka’s first next-gen co-banking platform; “OASYS,” for business process orchestration; the “iHUB,” a universal business interface; and “iPay,” the country’s largest online payment platform. Together, these intellectual properties show LOLCTECH’s ability to provide technology solutions that are ready for the future and have a significant impact, both locally and globally.
Chairman of LOLC Technologies, Conrad Dias said: “This recognition emphasis the strength of LOLCTECH’s holistic evaluation and its incredible 20 year journey. I am immensely proud of this national recognition, which celebrates our ability to continually evolve and rapidly adapt to global technology trends. At LOLCTECH, innovation is ingrained in our DNA. We cultivate agility, flexibility, and cutting-edge solutions, always being the first to adopt new technologies and deliver them to the industry.”
Deputy CEO of LOLC Technologies, Prasanna Siriwardena, added: “Our employees are industry experts who bring deep knowledge, creativity, and heart into every solution we build, making a real difference every day. Their dedication, relentless effort under tight deadlines, and passion for excellence have brought this victory.”
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