Tech Mahindra-Funded Start-Up Ties Up With Germany's SAP
Tech Mahindra, India's fifth largest software exporter, on Tuesday said one of its investee companies has tied up with Germany's SAP to develop a citizen platform in the UK.
Mumbai: Tech Mahindra, India's fifth largest software exporter, on Tuesday said one of its investee companies has tied up with Germany's SAP to develop a citizen platform in the UK.For latest news on Business, like us on Facebook and follow us on Twitter.
Tech Mahindra-funded MAAS (MicroGrid as a Service) has entered into a strategic collaboration with SAP to develop a citizen platform - CAPE-Community Action Plan for energy, a Tech Mahindra statement said.
The platform will empower city councils and local stakeholders to target communities to engage and deliver predictable energy and cost savings needed to meet the UK's 2020 energy saving targets.
It will combine energy, satellite, aerial, social and economic data to deliver targeted insights, said the statement, which comes in the midst of focus on making Indian cities smarter.
SAP's vice president for Internet of Things and customer innovation, Lalit Canaran, said projects like CAPE are driving changes which reshape the way an industry operates.
Tech Mahindra's expertise and SAP's platform will be used as part of the collaboration, he said.
Tech Mahindra's head of innovation, Sirisha Vorunganti, welcomed the move by SAP to join hands, saying its strong platform capabilities in cloud, analytics, social collaboration, mobility and strong integration capabilities to digital core and big data will be of help.
The Mahindra group company announced the tie-up during an annual innovation conclave in Hyderabad, which started on Tuesday.
At 1:36 p.m., shares in Tech Mahindra were trading 0.86 per cent lower at Rs 503 apiece on the BSE, whose benchmark Sensex index was down 0.74 per cent.
Story first published on: January 12, 2016 13:39 (IST)