It’s a wrap: News this week (Aug 17 – Aug 23)

There have been multiple developments this week on the tech front. From deals of the week to TCS’ Nordics expansion, this is the list of the most important developments for a quick catch-up:

Former TechM exec’s new venture

Former Tech Mahindra India business head Jagdish Mitra formally launched his software-as-a-service (SaaS) venture called Humanize on Wednesday. Humanize is a low code no code (LCNC) and generative artificial intelligence-based firm targeted at helping companies to reduce time-to-market for enterprises. Talent solution provider NLB Services is backing the venture where the investment would be utilised towards scaling technology and R&D, developing the AI platform, creating CoEs, and expanding the workforce.

TCS expands in Nordics

Tata Consultancy Services (TCS), the largest IT service provider in India, has inaugurated its latest TCS Pace Studio in Stockholm, Sweden, aimed at providing customers in the Nordic region—comprising Sweden, Norway, Finland, and Denmark—with exclusive access to its innovation ecosystem.

This innovation hub and research centre will facilitate enterprises in exploring cutting-edge technological advancements and implementing them on a large scale to enhance their digital transformation efforts, the IT firm said in a regulatory filing on Tuesday.

Shell’s agreement with LTTS

L&T Technology Services Limited (LTTS) has secured a long-term framework agreement with Shell, one of the world’s leading energy giants. This multi-year deal positions LTTS to provide a comprehensive range of services including Integrated Engineering, Procurement Services, Digital Engineering, Data Governance for Capital Projects, and Digital Project Management Consultancy for Shell's global assets.
 
Infosys’ pie in the Coca-Cola-Microsoft deal

Infosys will act as a supporting partner in Coca-Cola-Microsoft deal. In the first half of 2024, beverage company Coca-Cola made a commitment to invest €167 million with Microsoft for Azure cloud migration services over a 6-year term. A further €25 million has been committed to Infosys who will act as a supporting partner, the company said in a statement.

A further media report this week revealed that Infosys will be gaining a revenue of more than $100 million as supporting partner in the $1.1-billion cloud migration deal.

Wipro-John Lewis partnership

Wipro has announced an extended tie with the John Lewis Partnership (JLP) to modernise the UK retailer's IT infrastructure. This strategic transformation initiative aims to bolster JLP's industry leadership and ensure sustainable growth in the future.
The project will see Wipro's FullStride Cloud team working closely with JLP and Google Cloud to enhance the retailer's existing cloud infrastructure, network, and end-user services over the next four years. The collaboration will focus on transitioning JLP's X86 platform to the cloud, a move designed to increase agility, optimise operational costs, and streamline business processes.