Page 37 - SAMENA Trends - January 2022

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

Tech Mahindra and Nokia Collaborate to Drive
Enterprise 5G Private Wireless Adoption Globally

Tech Mahindra, a leading provider of digital transformation, said, “5G adoption has become critical for enterprises to achieve
consulting, and business re-engineering services & solutions, the next level of industrial automation and digital transformation
announced a collaboration with Nokia, to drive 5G private wireless that enable higher level of productivity and reduce operational
adoption globally. The collaboration will further strengthen the complexity and costs. We are pleased to partner with Nokia as
already standing relationship between Tech Mahindra and Nokia. we continue to build 5G ecosystem, and drive innovation and
Tech Mahindra will leverage Nokia’s private wireless DAC solution growth in the future. We are committed to help customers achieve
for customers across industries and facilitate in automating 5G their “enterprise of the future” vision.” Chris Johnson, Head of
Private Wireless network management on a cloud (managed as Global Enterprise Business for Nokia said: “Nokia has supported
a service model). Tech Mahindra’s industry knowledge to provide the digital transformation of over 380 enterprises globally with
specialized services to customers, 5G enterprise solutions our private wireless offerings. We are excited to collaborate with
capabilities, such as Factory.NXT, Mining.NXT, and its domain Tech Mahindra to bring our global private wireless expertise to
expertise in planning, designing, deployment and management of upgrade their offering and customer experience worldwide”. Tech
private wireless networks for enterprises, combined with Nokia’s Mahindra believes in DigitALL philosophy for comprehensive
flagship offering for Private Wireless Networks – Nokia Digital Business Transformation. Digital technologies catalyze the
Automation Cloud (DAC) will benefit enterprise customers and transformations – they humanize businesses by helping them
accelerate adoption of transformative network technologies like think, sense, connect, communicate, secure and act better than
5G, across the globe. Together, this will enable end-to-end IT/OT before. As part of NXT.NOWTM framework, which aims to enhance
transformation for customers across industries and sectors such ‘Human Centric Experience’, Tech Mahindra focuses on investing
as Manufacturing, Transportation, Healthcare, Oil & Gas, Logistics, in emerging technologies and solutions that enable digital
Smart Agriculture, and Entertainment, among others, thereby transformation and meet the evolving needs of the customer.
helping enterprises to scale productivity, enhance efficiency, and
implement new revenue streams. Tech Mahindra’s Enterprise
Network Services cover the entire network stack and support
new age technologies to help enterprises gear up for a complete
digital transformation, resulting in an always-available enterprise
network. Nokia DAC provides a reliable, secure, and high-
performance private wireless network that is scalable according
to needs. An industrial-grade digital automation service platform
that provides edge computing capabilities, low latency 4.9G/LTE
and 5G connectivity and a suite of applications for enterprises
and multiple verticals. It offers an easy-to-use self-service
interface for network management tasks, addition or remotion
of devices and features, real-time information on Nokia DAC
manager with the status and utilization of network and devices
as well as radio network and edge cloud health. Nokia DAC also
enables access to other network management and operations
solutions and integration with 3rd party applications via well-
defined application program interfaces (APIs). Manish Mangal,
Global Head of 5G & Network Services Business, Tech Mahindra,

Tech Mahindra Bets Big on Digitally Transforming Insurance Industry;

Acquires Com Tec Co IT Ltd and Invests in Two Leading InsurTech Platforms

Tech Mahindra announced 100% acquisition of Com Tec Co IT insurance and financial services organizations globally and scale
Ltd (CTC) for €310 million including earnouts and synergy linked its nearshore delivery presence. Tech Mahindra is also investing
payouts. CTC is an IT solutions and service provider serving the a cumulative amount of €20 million, in SWFT and Surance, for a
insurance and financial services industries with development 25% ownership in each of these two InsurTech ventures funded by
centers in Latvia and Belarus. The acquisition will enable the same founding group as CTC. SWFT is a SaaS-based digital
Tech Mahindra to tap onto the potential industry disruption in customer engagement platform. It offers multiple functionalities
the Insurance sector, expand its offerings to high-end digital for insurance sales & distribution and is designed for digital
engineering services for some of the largest insurance, re- brokers, price comparison websites, and insurers wanting to

37 JANUARY 2022