Tech Mahindra, IBM to jointly set up global innovation centres

Information technology (IT) services company Tech Mahindra will collaborate with New York-based IBM to help businesses transform their operations and accelerate hybrid cloud strategies.

The firms will establish innovation centres to address complex business problems across telecommunication, manufacturing, financial services, insurance, retail and healthcare industries, according to a statement.

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“The collaboration with IBM will help us accelerate the development of cloud-based applications for our customers and build multi cloud data management solutions on the hybrid platform,” Pawan Sharma, president and global head of strategic initiatives at Pune-based Tech Mahindra, said.

The first innovation centre will be set up in Bengaluru later this year and will specialise in transformation solutions built with IBM Cloud Paks, which are enterprise-ready containerised software solutions running on Red Hat OpenShift, the statement said.

The companies will also open additional centres in North America and the United Kingdom this year, it said.

“This collaboration with Tech Mahindra is designed to speed (up) how businesses migrate critical enterprise workloads to the IBM public cloud and transform their operations using cloud-native technologies,” Bob Lord, senior vice president of cognitive applications, blockchain and ecosystems at IBM, said.

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In view of the Covid-19 pandemic, IBM in March allowed free access to its cybersecurity and data services for 90 days. Its customers could build virtual servers linked with its cloud solutions and get troubleshooting services to manage remote work better.

For the quarter ended December 31, Tech Mahindra posted a 6.4% sequential growth in its consolidated revenue and a 2% growth in its net profit.