Bengaluru: Thales, a global advanced technologies firm, and L&T Technology Services Ltd (LTTS), a prominent Engineering and R&D services company, have announced a strategic partnership aimed at improving software monetization capabilities.
The collaboration seeks to leverage the expertise of both companies to develop innovative solutions that enhance the efficiency and value of software products across various industries. With the Thales Sentinel software licensing and entitlement platform, LTTS will allow its clients to monetize its software solutions through recurring revenue business models like agile subscriptions and flexible usage-based pricing. Under the new agreement, LTTS will resell the Thales Sentinel platform to its customers and group affiliates worldwide in a variety of industries, including transportation, medical, high-tech, telecom, and financial services.
The partnership is expected to deliver enhanced software solutions, focusing on monetization and operational efficiency, which will benefit various sectors, including industrial products, medical devices, transportation, and telecommunications.
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