-27.65 (-1.59%) Tech Mahindra has entered into a multi-faceted collaboration with Telit, a global enabler of the Internet of Things (IoT), for developing complete solutions for Internet of Things (IoT). The agreement includes combining and integrating Telit’s portfolio of IoT products and services with Tech Mahindra’s system integration capability and to develop solutions.
Further, both companies are also pursuing new business opportunities across many markets and industries, such as IoT horizontal and Industrial IoT around the world. Also, Telit will outsource related engineering development and testing activities to Tech Mahindra. Additionally, Telit has reached an agreement to outsource related engineering development and testing activities to Tech Mahindra.
Tech Mahindra is a leading provider of solutions and services to the telecommunications industry with a majority stake owned by Mahindra & Mahindra.