Thales, a leading global technology and security provider, has announced a new contract with global engineering and R&D firm L&T Technology Services Limited. This partnership will bring Thales’s software monetization platform, Thales Sentinel, to LTTS’ customer base, especially in the High-Tech, Sustainability and Mobility segments.
LTTS, with the integration of the Thales Sentinel software licensing and entitlement platform, will empower its customers to monetize their software solutions, offering them the potential for recurring revenue through agile subscriptions and flexible usage-based pricing models.
Damien Bullot, Vice President of Software Monetization Solutions at Thales, 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 monetized for maximum ROI.”
Under the new contract, LTTS will resell the Thales Sentinel platform to its customer base and group affiliates globally across diverse sectors, including transportation, medical, high-tech, telecom, and financial services.
Alind Saxena, Executive Director & President of mobility & Tech at L&T Technology Services, 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 monetization potential.”
Also Read: The Evolution of Cloud Security – in a post-pandemic World
