Larsen & Toubro Infotech (BSE: 540005, NSE: LTI), a global technology consulting and digital solutions company is expanding its multi-year, global alliance with IBM (NYSE: IBM) to help businesses transform their operations through hybrid cloud adoption. LTI will help clients migrate and modernize core business applications leveraging IBM Cloud offerings.
LTI has developed industry-ready solutions using IBM Cloud Paks, IBM Cloud and IBM Watson offerings to help clients automate, secure and modernize their business processes and applications. These include iDigitalization to automate workflow and digitize enterprise business processes, iMaximize to help modernize the enterprise integration landscape with pre-built accelerators and, Make-the-Shift to help modernize legacy workloads.
As part of this relationship, LTI and IBM plan to establish an innovation center in Bengaluru (India) in 2021. This center will offer a comprehensive suite of IBM's Cloud, Automation, Integration, Data & Artificial Intelligence solutions to foster innovation. IBM will provide training to LTI employees to facilitate co-creation workshops and solution development for their clients.
Sudhir Chaturvedi, President-Sales and Executive Board Member, LTI said, "World's leading organizations trust LTI as the partner of choice in enabling their digital transformation journeys and modernizing their existing technology landscape. We are expanding our resolute relationship with IBM to allow customers to seamlessly embark on hybrid cloud environment with best-in-class automation and Integration."
Evaristus Mainsah, GM of Cloud, Cloud Pak, & Edge Ecosystem, IBM said, "We look forward to expanding our collaboration with LTI to help customers across industries migrate and modernize their missioncritical workloads by leveraging IBM's secure and open hybrid cloud solutions. LTI's deep domain knowledge, coupled with IBM's hybrid cloud and Cloud Pak offerings powered by Red Hat OpenShift, can help enterprises accelerate their digital transformation."
LTI is a Platinum Partner of IBM and a member of the hybrid cloud ecosystem. With its focus on security, enterprise-grade capabilities and support for open-source technologies, IBM public cloud is designed to differentiate and extend on hybrid cloud capabilities for enterprise workloads.
Shares of Larsen & Toubro Infotech Ltd was last trading in BSE at Rs.4417.35 as compared to the previous close of Rs. 4284.8. The total number of shares traded during the day was 21031 in over 3113 trades.
The stock hit an intraday high of Rs. 4438.35 and intraday low of 4276.45. The net turnover during the day was Rs. 91246377.