Tech Mahindra, a specialist provider of connected solutions to the connected world, today inaugurated the Texas Instruments Lab, in Bengaluru. This lab will allow Tech Mahindra to launch innovative solutions based on the concept of Internet of Things (IoT) in Industrial, Medical and Automotive sectors.
The Internet of Things (IoT) is an evolving space with billions of devices being connected on the fly. More and more consumers are looking for intelligence from connected devices, equipments and infrastructure. Today's consumers are excited with solutions that are connected, smart, efficient and affordable which can help them to perform their day to day work effectively.
Likewise, enterprises are looking at connected ecosystems to drive customer satisfaction, efficiency in operations and for increased predictability in their business. Tech Mahindra sees this collaboration with TI as a compelling opportunity to synergize capabilities while addressing this market opportunity.
''The Connected Engineering Solutions reflect our passion for innovating and bringing value to our customers and help them connect with their customers. We have established the TI Lab to complement TI's silicon product/platform solutions with our design and systems integration capabilities. Establishing this lab reinforces our commitment to bring innovative technology/digital platforms from our partner ecosystem which meets customer demands in this connected world,'' said Karthikeyan Natarajan, global head, integrated engineering solutions, Tech Mahindra.
''Innovation is the foundation upon which Texas Instruments is built and we are actively engaged with technology providers to co-innovate and shape the future of electronics. The Texas Instruments Lab, at Tech Mahindra, will enable both companies to focus on technologies that will address the industrial, medical and automotive markets,'' Srinivas Kasa, area director at Texas Instruments (India).
Shares of the company gained Rs 24.9, or 1.31%, to trade at Rs 1,926.55. The total volume of shares traded was 79,409 at the BSE (3.40 p.m., Thursday).
