Thales, a leading global provider of technology and security solutions, announces the signing of a new contract with L&T Technology Services Limited (LTTS), an engineering and R&D company. The collaboration will bring Thales’ software monetization platform, Thales Sentinel, to LTTS’ customer base, particularly in the high-tech, sustainability and mobility sectors.
With more than two decades of experience in deploying intelligent digital solutions, LTTS is a leader in optimizing enterprise operations and developing platforms in the fields of artificial intelligence, mobility, sustainability and high technology. LTTS’s advanced artificial intelligence solutions in the fields of next-generation mobility and intelligent networks are of great significance for building a strong digital infrastructure, improving security, efficiency and sustainability. Now, with the Thales Sentinel Software Authorization and License Management Platform, LTTS will help its customers build sustainable revenue business models (including flexible subscription and usage-based flexible pricing models) to monetize software solutions.
Damien Bullot, Vice President of Software Monetization Solutions at Thales, said: “ This collaboration builds on Thales’ long-standing relationship with LTTS to help 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 continuing our collaboration to ensure the best possible return on investment for LTTS’ industry-leading AI products in protection and monetization.”
Under the new contract, LTTS will resell the Thales Sentinel platform to its global customer base and group affiliates across a range of industries including transportation, healthcare, high-tech, telecommunications and financial services.
Alind Saxena, Executive Director and President, Mobility & Technology, L&T Technology Services said: “ This collaboration with Thales further underscores our commitment to driving innovation and superior solutions in the areas of mobility, sustainability and high technology, leveraging the Thales Sentinel platform. Our capabilities in building cutting-edge digital solutions and deep understanding of artificial intelligence will form the backbone of a strong digital infrastructure. We look forward to forming a unified digital thread across the value chain, accelerating market entry, reducing product development cycles and costs, and helpingour customers make progress on their sustainability journey by increasing software monetization potential.”
SOURCE: BusinessWire