Published: August 09, 2016 | London, UK
The global enabler of the Internet of Things (IoT), Telit has entered into a definitive partnership with Tech Mahindra on developing complete solutions for the Internet of Things (IoT). The relationship is centered on combining and integrating Telit’s leading portfolio of IoT products and services with Tech Mahindra’s system integration expertise and strengths in developing end-to-end enterprise solutions.
Both companies are also jointly pursuing new business opportunities across many markets and industries, such as IoT horizontal and Industrial IoT around the world. Additionally, Telit has reached an agreement to outsource related engineering development and testing activities to Tech Mahindra.
As a fast-growing number of companies is exploring how the IoT can help them improve operational efficiencies and drive new business models, many – especially large multinational enterprises – remain intimidated by having to put all the pieces together by themselves. The two companies are aiming to address these concerns by offering clients complete end-to-end solutions such as IoT solution consulting, solution development and operations that reduce the complexity, risk, cost and time to market versus trying to develop a custom project in house.
Karthikeyan Natarajan, senior vice president & global head of engineering services at Tech Mahindra, said:
Tech Mahindra and Telit are each strategically focused on capitalizing on the exponential growth across many IoT verticals and together we are positioned to grow at a pace greater than or equal to the industry. This collaboration will address the broad IoT solutions with particular emphasis on the industrial internet and Industry 4.0 programs of our manufacturing customers across Automotive, Aerospace, Medical, discrete and hi-tech manufacturing verticals.
Telit and Tech Mahindra each have deep expertise working with companies large and small that rely on mission-critical performance, security and scalability. Both companies are already engaged in several industrial customer projects together, including a leading global heavy equipment company.
Fred Yentz, CEO of Telit IoT Platforms, said:
Telit is very excited about this collaboration with Tech Mahindra, resulting in far-reaching technical and business synergies that offer a new way for companies to onboard to the Internet of Things. Together we can help organizations transform their business with end-to-end IoT solutions – from ideation generation, to system architecture, proof of concept development and full commercial deployments that are integrated with their existing enterprise systems.
Joint capabilities of these two companies can be easily applied to any company seeking to transform its business model with IoT enabled real-time remote machine monitoring and control, production diagnostics, predictive maintenance, or asset tracking solutions.