L&T Technology Services wins Engineering Content Management Deal worth USD 40 million
LTTS to provide AI & Virtual Reality based ECM solutions in the Industrial Products space
Deepthi | Myequity news | Date : 24-09-2018 10:00:00 IST
L&T Technology Services Limited (LTTS), a leading global pure-play engineering services company, has won a multi-year deal to provide digital content management services to a leading technology company’s industrial products segment.
The deal is expected to run for a period of 5 years with an aggregate revenue potential of USD 40 million, covering Engineering Content Management (ECM) programs in the US and European regions. This would include technical design specifications, diagnostic solutions for service engineers and product training for customers & engineers, thereby supporting the entire ECM cycle from product conceptualization to developing digital content platforms. Dr Keshab Panda, CEO & Managing Director, L&T Technology Services Ltd.
LTTS will leverage centers in Europe, US & India while assuming complete ownership and talent to manage content for all current and future product suites for the customer.
said, “With engineering content becoming one of the cornerstones of digital transformation, this deal win highlights LTTS’ consulting capabilities to key customers in the US & European markets. LTTS will provide expertise and support in building content management capabilities with the help of new technologies such as AI & Virtual Reality, thereby enhancing the overall customer experience.”
About L&T Technology Services Limited:
L&T Technology Services Limited (LTTS) is a listed subsidiary of Larsen & Toubro Limited focused on Engineering and R&D (ER&D) services. It offers consultancy, design, development and testing services across the product and process development life cycle. Headquartered in India, it has over 13,000 employees spread across 16 global design centers, 27 global sales offices and 42 innovation labs as of June 30, 2018.