Page 44 - SAMENA Trends - September-October 2020

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

Tech Mahindra Acquires Momenton and Tenzing Ltd to Bolster Capabilities

in Financial Services in ANZ

Tech Mahindra, a leading provider of digital Ltd to amplify and deliver a wider range of strategy, insurance core system trans-
transformation, consulting and business services to our combined customer base.” formation, program management, target
reengineering services and solutions an- Momenton, is a Melbourne-based digital operating model design across industries
nounced strategic acquisition of Momen- enterprise technology firm offering consul- and public sector organizations. Suri Bart-
ton, a digital enterprise technology firm, tancy and implementation services in en- lett and Chris Day, Joint Managing Direc-
offering consultancy and implementation terprise agility, product enablement, engi- tors, Tenzing Ltd, said, “Tenzing Ltd is a
services, and Tenzing Limited, a technol- neering and emerging technology to clients market leader in the delivery of manage-
ogy consulting company. Tech Mahindra across industries with advanced capabili- ment consulting and technology services
has acquired 100% equity in both the or- ties in digital engineering and cloud native to a wide range of industries in New Zea-
ganizations, and together they will enable architectures. Bobby Singh, Momenton land and Australia. Joining forces with
digital capabilities, modern cloud-based Founder, said, “This acquisition represents Tech Mahindra will enable Tenzing Ltd to
architecture and transformation for cus- an important step in Momenton’s growth rapidly scale up our existing service offer-
tomers in the ANZ (Australia and New journey. It provides our organization and ings and facilitate the provision of a wid-
Zealand), in Financial Services and other its people with extensive global reach and er range of solutions to our existing and
sectors. Vivek Agarwal, Head Corporate the ability to tap into significantly more new customers in the ANZ region. We are
Development & Global Head for Healthcare opportunities in this fast-growing market. pleased that Tech Mahindra is expecting
and Financial Services, Tech Mahindra, This acquisition will further enhance and to leverage Tenzing’s strong capabilities
said, “The acquisition of Momenton and strengthen our client relationships and in the market.” The acquisitions underline
Tenzing Ltd, are in line with our strategy to enable us to expand the set of capabilities Tech Mahindra’s focus on digital growth,
strengthen our digital capabilities, and of- and services we currently offer by drawing under the TechMNxt charter, which focus-
fer our clients end-to-end transformation on the combined experience of Momenton es on leveraging next generation technol-
services. This will significantly enhance and Tech Mahindra. We look forward to ogies and solutions to disrupt and enable
our local presence in the markets, and the being part of Tech Mahindra and continu- digital transformation, and to build and
combination will create significant syner- ing to offer innovative, agile and industry deliver cutting-edge technology solutions
gies and help in bringing next generation leading services to our current and future and services to address real world prob-
solutions to customers enabling them to clients.” Tenzing Ltd, is a management and lems to meet the customer’s evolving and
run better, change faster and grow greater. technology consultancy offering, business dynamic needs.
We welcome the team of Momenton and
Tenzing Ltd into the Tech Mahindra family,
and look forward to creating and delivering
enhanced customer experiences for our
customers.” Jeff Ferdinands, Country Head
– ANZ, Tech Mahindra, said, “The addition
of Momenton and Tenzing Ltd will fur-
ther strengthen Tech Mahindra’s position
in the ANZ marketplace, especially in the
Financial Services sector, enabling the or-
ganization to deliver comprehensive suite
of technology, stronger onsite services
and enhanced customer experience. Tech
Mahindra through its distributed delivery
model will enable Momenton and Tenzing

Tech Mahindra to Offer Blockchain Solutions to Global Clients Built On
Amazon Managed Blockchain Services

Tech Mahindra Ltd., a leading provider teaming with Amazon Web Services (AWS) using AWS and other leading organizations
of digital transformation, consulting and to build solutions based on blockchain across the globe. Amazon Managed
business reengineering services and technology. Tech Mahindra will introduce Blockchain is a fully managed service
solutions and an AWS Partner Network blockchain solutions built on Amazon that makes it easy to create and manage
(APN) Advanced Consulting Partner, is Managed Blockchain to global customers scalable blockchain networks using the

44 SEP-OCT 2020