Bangalore, Karnataka & MEUDON, France – Business Wire India: Thales, a global technology and security leader, has announced a new contract with L&T Technology Services Limited (LTTS), a leading global engineering and R&D firm. This strategic partnership will see LTTS leverage Thales Sentinel, a software monetization platform, to help its customers monetize their software with flexible licensing options.
The collaboration builds on a 20-year relationship between the two companies. LTTS, known for its expertise in AI, Mobility, Sustainability, and High-Tech, will now offer its customers the ability to monetize their software solutions using Thales Sentinel’s recurring revenue business models.
Damien Bullot, Vice President, Software Monetization Solutions at Thales, expressed enthusiasm for the partnership, stating that it will enable LTTS customers to unlock the full potential of their software products through flexible pricing, better compliance, and automated delivery and activation.
Under the new contract, LTTS will resell Thales Sentinel to its customer base across various sectors, including transportation, medical, high-tech, telecom, and financial services.
Alind Saxena, Executive Director & President, Mobility & Tech at L&T Technology Services, emphasized the significance of the partnership in driving innovation and providing superior solutions. He highlighted LTTS’s expertise in creating cutting-edge digital solutions and its deep understanding of AI, which will contribute to building a robust digital infrastructure.
The partnership aims to accelerate market entry, reduce cycle time and product development costs, and aid customers in their journey towards sustainability through improved software monetization potential.
Source: PTI
