Tech Mahindra, a leading provider of digital transformation,
consulting, and business re-engineering services and solutions, and
WalkMe Inc. (NASDAQ: WKME), a leading provider of digital adoption
solutions, today announced a partnership to accelerate the digital
transformation journey of enterprises globally. Together, WalkMe
and Tech Mahindra will enable global enterprises to measure, drive,
and realize the value of software investments and digital
transformation strategies through efficient, effective, and
sustained adoption of digital technologies. As part of the
partnership, Tech Mahindra’s customers will get visibility into
adoption challenges – whether it be around productivity, usability,
compliance, or beyond.
Digital adoption
platforms (DAP) play a critical role in helping digital
transformation projects succeed by reducing digital friction and
increasing end-user productivity during software transitions, both
of which are major causes of digital transformation projects
failing. As a result, DAPs are set to play a major role across the
entire technology stack, with Gartner estimating that by 2025, 70%
of organizations will use a digital adoption platform across the
entire technology stack to overcome still insufficient application
user experiences.1
Jim Nairn,
Senior Vice President of Alliances and Channels, WalkMe,
said, “We are pleased to partner with Tech Mahindra on a
global scale to help businesses maximize their investments in
digital transformation and get the most out of their technology
stack. This partnership further expands our go-to-market footprint
by putting the power of digital adoption in the hands of more
organizations, thus driving real business value.”
WalkMe is the pioneer of DAP technologies, with
more than 35 million users in 160+ countries, including 80% of the
Fortune 10. Digital adoption platforms play a critical role in
helping digital transformation projects succeed by reducing digital
friction and increasing end-user productivity during software
transitions, both of which are major causes for digital
transformation projects failing.
Rajesh Dhuddu, Global Head – Emerging
Technologies, Tech Mahindra, said,
“Digital adoption platforms have become critical to the
transformation of workplace efficiency. The need for modernizing
how employees interact with technology continues to accelerate as
organizations recognize the close relationship between successful
digital transformation and the ability of end-users to quickly
leverage new ways of working. Our partnership with WalkMe will help
us drive ROI on our clients’ digital transformation projects, which
is a key priority for Tech Mahindra. We are pleased to partner with
WalkMe and are positive that this association will enable us to
unlock the best solutions and innovative approaches for the global
market.”
Over the last decade,
WalkMe has continued to deliver digital solutions at scale to help
organizations worldwide achieve their digital transformation goals
by creating frictionless and elegant digital experiences that
reduce complexity in the enterprise technology stack.
This partnership is in line with Tech Mahindra’s
DigitALL philosophy for comprehensive Business Transformation. As
part of NXT.NOW™ framework, which aims to enhance ‘Human Centric
Experience’, Tech Mahindra focuses on investing in emerging
technologies and solutions that enable digital transformation and
meet the evolving needs of its customers.
1Gartner®, “Market
Guide for Digital Adoption Platforms”. Melissa Hilbert, Maria
Marino, Stephen Emmott, September 14, 2022
About Tech
MahindraTech Mahindra offers innovative and
customer-centric digital experiences, enabling enterprises,
associates and the society to Rise for a more equal world, future
readiness, and value creation. It is a USD 6.5+ billion
organization with 152,000+ professionals across 90 countries
helping 1290+ global customers, including Fortune 500 companies. It
is focused on leveraging next-generation technologies including 5G,
Metaverse, Blockchain, Quantum Computing, Cybersecurity, Artificial
Intelligence, and more, to enable end-to-end digital transformation
for global customers. It is the only Indian company in the world to
receive the HRH The Prince of Wales’ Terra Carta Seal for its
commitment to creating a sustainable future. It is the fastest
growing brand globally in ‘brand value rank’ and amongst the top 7
IT brands globally in brand strength with AA+ rating. With the
NXT.NOW™ framework, Tech Mahindra aims to enhance ‘Human
Centric Experience’ for its ecosystem and drive collaborative
disruption with synergies arising from a robust portfolio of
companies. Tech Mahindra aims at delivering tomorrow’s experiences
today and believes that the ‘Future is Now’.
Tech Mahindra is part of the Mahindra Group,
founded in 1945, one of the largest and most admired multinational
federation of companies with 260,000 employees in over 100
countries. It enjoys a leadership position in farm equipment,
utility vehicles, information technology and financial services in
India and is the world’s largest tractor company by volume. It has
a strong presence in renewable energy, agriculture, logistics,
hospitality and real estate. The Mahindra Group has a clear focus
on leading ESG globally, enabling rural prosperity and enhancing
urban living, with a goal to drive positive change in the lives of
communities and stakeholders to enable them to Rise.
Connect with us on
www.techmahindra.comFor more information on Tech Mahindra,
please contact:Abhilasha Gupta, Global Corporate
Communications and Public
AffairsEmail: Abhilasha.Gupta@TechMahindra.com;
media.relations@techmahindra.com
About
WalkMeWalkMe’s cloud-based digital adoption platform
enables organizations to measure, drive and act to ultimately
accelerate their digital transformations and better realize the
value of their software investments. Our platform leverages
proprietary technology to provide visibility to an organization’s
Chief Information Officer and business leaders, while improving
user experience, productivity and efficiency for employees and
customers. Alongside walkthroughs and third-party integration
capabilities, our platform can be customized to fit an
organization's needs. For more information, visit:
www.walkme.com
Special Note
Regarding Forward-Looking
Statements:
This press release
contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. We intend such
forward-looking statements to be covered by the safe harbor
provisions for forward-looking statements contained in Section 27A
of the Securities Act of 1933, as amended and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements
contained in this press release other than statements of historical
fact are forward-looking statements. The words “believe,” “may,”
“will,” “estimate,” “potential,” “continue,” “anticipate,”
“intend,” “expect,” “could,” “would,” “project,” “plan,” “target,”
and similar expressions are intended to identify forward-looking
statements, though not all forward-looking statements use these
words or expressions. These forward-looking statements are subject
to risks, uncertainties and assumptions, some of which are beyond
our control. In addition, these forward-looking statements reflect
our current views with respect to future events and are not a
guarantee of future performance. Actual outcomes may differ
materially from the information contained in the forward-looking
statements as a result of a number of factors, including, without
limitation, the following: our ability to manage our growth
effectively, sustain our historical growth rate in the future or
achieve or maintain profitability; the impact of the COVID-19
pandemic or adverse macro-economic changes on our business,
financial condition and results of operations; the growth and
expansion of the markets for our offerings and our ability to adapt
and respond effectively to evolving market conditions; our
estimates of, and future expectations regarding, our market
opportunity; our ability to keep pace with technological and
competitive developments and develop or otherwise introduce new
products and solutions and enhancements to our existing offerings;
our ability to maintain the interoperability of our offerings
across devices, operating systems and third-party applications and
to maintain and expand our relationships with third-party
technology partners; the effects of increased competition in our
target markets and our ability to compete effectively; our ability
to attract and retain new customers and to expand within our
existing customer base; the success of our sales and marketing
operations, including our ability to realize efficiencies and
reduce customer acquisition costs; the percentage of our remaining
performance obligations that we expect to recognize as revenue; our
ability to meet the service-level commitments under our customer
agreements and the effects on our business if we are unable to do
so; our relationships with, and dependence on, various third-party
service providers; our dependence on our management team and other
key employees; our ability to maintain and enhance awareness of our
brand; our ability to offer high quality customer support; our
ability to effectively develop and expand our marketing and sales
capabilities; our ability to maintain the sales prices of our
offerings and the effects of pricing fluctuations; the
sustainability of, and fluctuations in, our gross margin; risks
related to our international operations and our ability to expand
our international business operations; the effects of currency
exchange rate fluctuations on our results of operations; challenges
and risks related to our sales to government entities; our ability
to consummate acquisitions at our historical rate and at acceptable
prices, to enter into other strategic transactions and
relationships, and to manage the risks related to these
transactions and arrangements; our ability to protect our
proprietary technology, or to obtain, maintain, protect and enforce
sufficiently broad intellectual property rights therein; our
ability to maintain the security and availability of our platform,
products and solutions; our ability to comply with current and
future legislation and governmental regulations to which we are
subject or may become subject in the future; changes in applicable
tax law, the stability of effective tax rates and adverse outcomes
resulting from examination of our income or other tax returns;
risks related to political, economic and security conditions in
Israel; the effects of unfavorable conditions in our industry or
the global economy or reductions in information technology
spending; factors that may affect the future trading prices of our
ordinary shares; and other risk factors set forth in the section
titled “Risk Factors” in our Annual Report on form 20-F filed with
the Securities and Exchange Commission on March 14, 2023, and other
documents filed with or furnished to the SEC. These statements
reflect management’s current expectations regarding future events
and operating performance and speak only as of the date of this
press release. You should not put undue reliance on any
forward-looking statements. Although we believe that the
expectations reflected in the forward-looking statements are
reasonable, we cannot guarantee that future results, levels of
activity, performance and events and circumstances reflected in the
forward-looking statements will be achieved or will occur. Except
as required by applicable law, we undertake no obligation to update
or revise publicly any forward-looking statements, whether as a
result of new information, future events or otherwise, after the
date on which the statements are made or to reflect the occurrence
of unanticipated events.
Media Contact:Christina
Knittelpress@walkme.com
Investor Contact:John
Streppainvestors@walkme.com
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