Tech Mahindra Expands Relationship with Covisint to Utilize Covisint’s IoT Platform to Create Vertical Solutions
April 20 2017 - 4:00PM
Covisint Corporation (Nasdaq:COVS) and Tech Mahindra, a leader in
digital transformation for the Telecommunications and Manufacturing
industries, today announced that Tech Mahindra will be using the
Covisint IoT Platform to enable digital transformation solutions
across a variety of IoT initiatives – including smart cities, and
the telecommunications and automotive markets.
Through this partnership, there will be a focused solution
building and joint go-to-market efforts around:
- Smart Cities – Diverse technologies need to be
integrated to connect smart city ecosystems and realize the full
potential of large-scale smart city initiatives. Tech
Mahindra is an early innovator in this evolving market.
- Telecommunications – The vast ecosystem around
telco providers brings upon many disparate technology stacks – that
need to act as one to help realize the full benefits of connected
initiatives. Solutions that result from the new expansion of
the Tech Mahindra and Covisint relationship will be aimed squarely
at solving this problem.
- Automotive – Both Tech Mahindra and Covisint
have a long heritage in the Automotive space. The two
companies will be creating solutions that will focus on the
Connected Vehicle and Supply Chain markets.
"We are excited to be a part of this initiative and we are
confident that this collaboration will provide us a distinct edge
with alliances and customers. Leveraging Covisint's
cloud-based platform and Tech Mahindra's expertise in IoT and
digital transformation opens up promising vistas for us," said
Karthikeyan Natarajan, Global Head, Engineering, IoT and Enterprise
Mobility at Tech Mahindra.
The Covisint IoT Platform – delivered as a platform-as-a-service
(PaaS) at scale with global support – offers a complete set of
capabilities required to rapidly build enterprise IoT solutions,
including advanced identity, authentication, authorization,
real-time messaging and orchestration, as well as digital ecosystem
definition and management capabilities to facilitate secure
information sharing and trusted interactions with the world around
that connected asset. Covisint’s IoT Platform brings together
a set of foundational capabilities that helps businesses rapidly
deliver IoT solutions supportive of digital transformation,
including:
- A unified data model that brings together the devices, the
systems and the people that interact with into one coherent logical
data store.
- Dynamic security that helps businesses respond quickly and
contextually to deliver better value, while minimizing security
risk.
- Unified messaging that brings together messaging and
orchestration in both real-time and batch interactions to
effectively digitize end-to-end business processes.
- API-first approach for enabling agnostic and loosely coupled
business service integration for complex transformations.
- A microservices architecture to meet the scalability demands of
billions of connected devices and digital businesses.
“We couldn’t be more excited about what we can achieve together
with Tech Mahindra, as our partnership has already produced great
benefits for both companies,” said Joel Kremke, SVP of Partnerships
and Alliances, Covisint. “We believe the expanded alliance
can be one of the largest in the IoT market, and will provide both
organizations a whole new path to creating value for the market and
for both of our customers. Tech Mahindra are not only market
leaders but are also thought leaders in all of the verticals that
we’re pursuing with them – it’s an honor to be working with
them.”
About Covisint Corporation
Covisint is the connected company – we securely connect
ecosystems of people, systems and things to enable new service
offerings, optimize operations, develop new business models and
ultimately enable the connected economy. Today, we support
more than 2,000 organizations and connect to more than 212,000
business partners and customers worldwide. Learn more at
www.covisint.com.
Follow us:
- Covisint on Twitter
- Covisint on LinkedIn
- Covisint on Facebook
About Tech Mahindra
Tech Mahindra represents the connected world, offering
innovative and customer-centric information technology experiences,
enabling Enterprises, Associates and the Society to Rise™. We are a
USD 4.2 billion company with 117,000+ professionals across 90
countries, helping over 837 global customers including Fortune 500
companies. Our convergent, digital, design experiences, innovation
platforms and reusable assets connect across a number of
technologies to deliver tangible business value and experiences to
our stakeholders. Tech Mahindra is amongst the Fab 50 companies in
Asia (Forbes 2016 list).
We are part of the USD 17.8 billion Mahindra Group that employs
more than 200,000 people in over 100 countries. The Group operates
in the key industries that drive economic growth, enjoying a
leadership position in tractors, utility vehicles, after-market,
information technology and vacation ownership.
Connect with us on www.techmahindra.com
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Safe Harbor for Forward-Looking Statements
This press release contains forward-looking statements,
including statements regarding Covisint’s present and future
technology design, architecture, performance and operations which
affects the Covisint IoT Platform’s market growth and the demand
for Covisint’s solutions. Any forward-looking statements
contained in this press release are based upon Covisint’s
historical performance and its current plans, estimates and
expectations and are not a representation that such plans,
estimates, or expectations will be achieved. These
forward-looking statements represent Covisint’s expectations as of
the date of this press release. Subsequent events may cause
these expectations to change, and Covisint disclaims any obligation
to update the forward-looking statements in the future except as
may otherwise be required by the federal securities laws.
These forward-looking statements are subject to known and unknown
risks and uncertainties that may cause actual results to differ
materially. Important factors that could cause actual results
to differ materially from those in the forward-looking statements
include, but are not limited to, our ability to work with Tech
Mahindra to attract new customers; the continued growth of the
market for these solutions; competition from current competitors
and new market entrants; unpredictable macro-economic conditions;
the loss of any of our key employees; and the length of the sales
for our solutions. Further information on potential factors
that could affect actual results is included in Covisint’s reports
filed with the SEC.
Investor Relations
Contact866-319-7659
investors@covisint.com
Media Contact Brad
Schechter, Vice President, Corporate Marketing
248-483-2097 bschecht@covisint.com
Shalini Singh, Global Media Relations &
PRmedia.relations@techmahindra.com
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