Tech Mahindra Expands Relationship with Covisint to Utilize Covisint's IoT Platform to Create Vertical Solutions
April 20 2017 - 4:09PM
Global Partnership Drives Digital Business
Transformation by Securely Connecting Complete Ecosystems of
People, Systems and Things
DETROIT, April 20, 2017 (GLOBE NEWSWIRE)
-- 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(TM). 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
Contact
866-319-7659
investors@covisint.com
Media Contact
Brad Schechter, Vice President, Corporate
Marketing
248-483-2097
bschecht@covisint.com
Shalini Singh, Global Media Relations &
PR
media.relations@techmahindra.com
For Sales and Marketing
Information
Covisint Corporation, 26533
Evergreen Road, Suite 500, Southfield, MI 48076,
800-229-4125
http://www.covisint.com
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information contained therein.
Source: Covisint Corporation via Globenewswire
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