Joint Venture22 Aug 2024, 12:44 am
Thales and L&T Technology Services Expand Collaboration for Software Monetization
AI Summary
Thales, a leading global technology and security provider, has announced a new contract with L&T Technology Services Limited. This partnership will bring Thales’s software monetization platform, Thales Sentinel, to LTTS’ customer base, especially in the High-tech, Sustainability and Mobility segments. LTTS will enable its customers to monetize their software solutions by harnessing recurring revenue business models including agile subscriptions and flexible usage-based pricing models.
Key Highlights
- Thales and L&T Technology Services expand their 20-year relationship to provide innovative business models to customers
- LTTS to use the Thales Sentinel platform to help customers monetize their software with flexible licensing
- The partnership will bring Thales’s software monetization platform to LTTS’ customer base in High-tech, Sustainability and Mobility segments
- LTTS will enable its customers to monetize their software solutions by harnessing recurring revenue business models
- The Thales Sentinel platform will be resold to LTTS’ customer base and group affiliates globally across diverse sectors