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Neeco enters into an arrangement with Tata Communications for IoT services

Posted On: 2019-09-03 23:14:50

Neeco Global ICT Services, a leading global provider of complex ICT services, has become a customer of Tata Communications, a leading global digital infrastructure provider, to take to market and deliver Internet of Things (IoT) services for enterprises in Europe. With this arrangement, Neeco will leverage the Tata Communications MOVE™ platform to offer integrated IoT services to its customers, enabling them to deploy IoT connected devices anywhere in the world.

Neeco has developed a unique set of IoT products and services aimed at global telecom providers, IoT technology vendors, enterprises, and government organizations. These include Trexee, a GPS and GSM tracking solution that offers a complete set of capabilities - including location, acceleration, temperature and vibration - for different sectors such as transport & logistics, waste management construction, agriculture, leasing companies and rental companies.

The Tata Communications MOVE™ platform enables enterprises to transform how they operate and engage with their customers by capturing, moving and managing information seamlessly and securely worldwide. This platform is underpinned by Tata Communications' relationships with more than 600 mobile network operators worldwide, and its global network, which connects 4 out of 5 mobile subscribers.

"We are delighted that Tata Communications has chosen to work with Neeco to help accelerate IoT adoption in Europe. We are constantly working on new IoT products that bring additional benefits, reliability and efficiency into various market segments. The IoT is still very much a developing field, with many competing technologies. We feel that this puts Neeco at an advantage because we are able to help design, deliver and maintain IoT devices for our customers as the IoT field continues to evolve," says David Pátek, founder and CEO of Neeco Global ICT Services.

With a network of over 1,900 local and regional channel partners and association with industryleading businesses like Tata Communications, Neeco is able to promote, offer, sell and support IoT solutions across more than 160 countries worldwide.

Organizations significantly depend on ICT technologiesfor growth. This requiresthe support of trusted ICT companies like Neeco that can supply complex services and solutionslike IoT on a worldwide basis. Founded in 2009 by David Pátek, Neeco has built its global success over the past decade by acting as a one-stop ICT shop, providing customers with a single point of contact for all ICT solutions. This simplifies processes and communication while freeing customers from having to strike time consuming bilateral agreements with partners in each region, helping them become more cost efficient.

Shares of TATA COMMUNICATIONS LTD. was last trading in BSE at Rs.413.25 as compared to the previous close of Rs. 430. The total number of shares traded during the day was 21523 in over 1419 trades.

The stock hit an intraday high of Rs. 431.2 and intraday low of 408.3. The net turnover during the day was Rs. 9073734.


Source: Equity Bulls

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