L&T Technology Services Signs Deal with Thales for Sentinel Software Platform

L&T Technology Services Limited informed the stock exchanges that the company has entered a new contract with Thales, a leading global technology and security provider.

The company stated that this collaboration will bring Thales’s software monetisation platform, Thales Sentinel, to LTTS’ customer base, especially in the High-tech, Sustainability and Mobility segments.

With over 20 years of expertise in delivering intelligent digital solutions, LTTS excels in optimising enterprise operations and leading innovations in AI, Mobility, Sustainability, and Hi-Tech. Its advanced AI solutions in next-gen mobility and smart networks are crucial for developing robust digital infrastructures while enhancing safety, efficiency, and sustainability.

Now, by integrating the Thales Sentinel software licensing and entitlement platform, LTTS will empower its customers to monetise their software solutions through recurring revenue models, such as agile subscriptions and flexible usage-based pricing.

As part of this new agreement, LTTS will resell the Thales Sentinel platform to its global customer base and group affiliates across various industries, including transportation, medical, high-tech, telecom, and financial services.

Commenting on this collaboration, the Vice President of Software Monetization Solutions at Thales, Damien Bullot, said, “This partnership builds on Thales’s long-standing 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.”

The Executive Director and President of Mobility & Tech at L&T Technology Services, Alind Saxena, 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.”

On August 22, 2024, the share price of L&T Technology Services Ltd opened at ₹5,455.00, touching the day’s high at ₹5,500.00, as of 10:02 AM on the NSE.

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