Thales and L&T Technology Partner To Provide Innovative Business Models By CIOTechOutlook Team

Thales and L&T Technology Partner To Provide Innovative Business Models

CIOTechOutlook Team | Friday, 23 August 2024, 02:32 IST

Thales, a top technology and security company, has revealed a new deal with engineering and research company L&T Technology Services Limited (LTTS). This collaboration will introduce Thales Sentinel, Thales’s software monetization platform, to LTTS’ clientele, specifically targeting the Hi-tech, Sustainability, and Mobility sectors.

With more than twenty years of experience implementing smart digital solutions, LTTS is a leader in enhancing business operations and developing cutting-edge platforms in AI, Mobility, Sustainability, and Hi-Tech. LTTS' cutting-edge AI solutions in future mobility and intelligent networks play a crucial role in developing strong digital infrastructures, improving safety, effectiveness, and eco-friendliness. Now, by utilizing the Thales Sentinel software licensing and entitlement platform, LTTS can help its customers generate revenue from their software solutions through various recurring revenue models such as agile subscriptions and flexible usage-based pricing models.

Damien Bullot, Vice President, Software Monetization Solutions at Thales: “This partnership builds on Thales’s long standing relationship with LTTS, helping their customers unlock the true value and potential of their software products through flexible pricing and subscription models, better compliance, and automated delivery and activation. We look forward to our continued collaboration to ensure their industry-leading AI offers are properly protected and monetized for maximum ROI.”

LTTS will offer the Thales Sentinel platform to its clients and affiliates worldwide in various industries like transportation, healthcare, technology, telecommunications, and finance under the new agreement.