Tech Mahindra Leverages Texas Instruments Products to Deliver IoT Solutions
Tech Mahindra Ltd. has inaugurated the Texas Instruments Lab in Bengaluru. This lab will allow Tech Mahindra to launch innovative solutions based on the concept of Internet of Things (IoT) in the industrial, medical and automotive sectors.
â€œThe Connected Engineering Solutions reflect our passion for innovating and bringing value to our customers and help them connect with their customers. We have established the TI Lab to complement TIâ€™s silicon product/platform solutions with our design and systems integration capabilities. Establishing this lab reinforces our commitment to bring innovative technology/digital platforms from our partner ecosystem which meets customer demands in this connected world,â€ said Karthikeyan Natarajan, Global Head, Integrated Engineering Solutions, Tech Mahindra.
â€œInnovation is the foundation upon which Texas Instruments is built and we are actively engaged with technology providers to co-innovate and shape the future of electronics. The Texas Instruments Lab, at Tech Mahindra, will enable both companies to focus on technologies that will address the industrial, medical and automotive markets,â€ said Srinivas Kasa, Area Director, Texas Instruments (India).
The Internet of Things (IoT) is an evolving space with billions of devices being connected on the fly. More and more consumers are looking for intelligence from connected devices, equipments and infrastructure. Todayâ€™s consumers are excited with solutions that are connected, smart, efficient and affordable which can help them to perform their day-to-day work effectively. Likewise, enterprises are looking at connected ecosystems to drive customer satisfaction, efficiency in operations and for increased predictability in their business. Tech Mahindra sees this collaboration with TI as a compelling opportunity to synergize capabilities while addressing this market opportunity.
Tech Mahindra GmbH, DÃ¼sseldorf has inked an agreement with BASF Business Services Holding GmbH to acquire its business with third-party customers. This includes the 100-per cent-owned subsidiary BASF Business Services Consult GmbH, based in Hamburg. BASF Business Services Holding GmbH will, in future, focus on providing information services, supply chain operations and business process management for BASF Group.
Legal closing of the transaction is expected to happen in the first quarter of FY 2015. All 60 employees of BASF Business Services Consult GmbH will be transitioned to Tech Mahindra as part of this transaction.
The innovative and competitive service portfolio ranges from consulting, development and operation of IT systems to the design and optimization of business processes throughout the value chain.
Vikram Nair, Head - Europe (Enterprise), Tech Mahindra, said, â€œThis is a strategic move and a testimony of our commitment to the region. It will bring us closer to our customers and will help us to deliver holistic solutions. I am confident that the acquisition will spur rapid growth in this region.â€
This acquisition will see the creation of a strong ICT player in the region with strengths in Application and Infrastructure Business Services. The transaction will be carried out by Tech Mahindra GmbH, a wholly-owned subsidiary of Tech Mahindra Ltd.