L&T Technology Services (LTTS) has entered into a strategic collaboration with Thales, a global technology and security provider. This partnership will introduce Thales's software monetisation platform, Thales Sentinel, to LTTS' extensive customer base, particularly in the high-tech, sustainability, and mobility sectors, enhancing the company's offerings and potential for growth.
This partnership will harness Thales' software monetisation platform, Thales Sentinel, to deliver innovative business models for LTTS' customers, with a strong focus on the high-tech, sustainability and mobility sectors.
In a statement, Damien Bullot, Vice President, Software Monetisation Solutions at Thales, commented, “This partnership builds on Thales’s longstanding relationship with LTTS, helping their customers unlock the true value and potential of their software products through flexible pricing and subscription models, better compliance, and automated delivery and activation. We look forward to our continued collaboration to ensure their industry-leading AI offers are properly protected and monetised for maximum ROI.”
Under the new agreement, LTTS will redistribute the Thales Sentinel platform to its client base and affiliated groups worldwide, spanning various industries such as logistics, healthcare, advanced technology, telecommunications, and financial services.
Alind Saxena, Executive Director & President, Mobility & Tech at L&T Technology Services, said, “Our partnership with Thales underscores our commitment to drive innovation and superior solutions across mobility, sustainability, and hi-tech, leveraging their Sentinel platform. Our proficiency in creating cutting-edge digital solutions and our deep understanding of AI will form the backbone of a robust digital infrastructure. We anticipate contributing to a cohesive digital thread throughout the value chain, accelerating market entry, reducing cycle time along with product development costs, and aiding our customers in their journey towards sustainability through improved software monetisation potential."
At the time of reporting, the share price of L&T Technology Services (LTTS) stood at Rs 5,489.30, a 1.20 per cent increase from the previous day's closing price.
