Tech Mahindra Ltd.

BSE: 532755 | NSE: TECHM
Large Cap | IT - Software
1763.75
39.95 (2.32%)
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Tech Mahindra enters into a strategic alliance with The Enquiss GmbH: Report

Date: 17-12-2014

In a bid to expand its reach in the connected devices segment, Tech Mahindra has reportedly entered into a strategic alliance with a German start-up The Enquiss GmbH & Co KG. As part of this agreement, both the entities have jointly developed solutions using the latter’s intellectual property and platform, to address the automotive segment.

Enquiss GmbH & Co. KG was founded in 2010 and is operating successfully for three years in business and technology consulting, according to the company’s LinkedIn profile while, Tech Mahindra is a leading provider of solutions and services to the telecommunications industry with a majority stake owned by Mahindra & Mahindra. The company, since 2002 has operations in China with offices in Beijing, Shanghai, Nanjing and Guangzhou.