Comverse, Tech Mahindra sign global strategic relationship

Published on April 15, 2015 17:22:08 PM
Business
Comverse and Tech Mahindra have reached an agreement in principle on a strategic relationship, whereby Comverse will accelerate its transformation as a global innovator in digital services by leveraging Tech Mahindra’s expertise and scale in development and delivery of digital offerings.

As part of this initiative, employees from certain functions within Comverse’s Digital Services business unit are anticipated to join Tech Mahindra.

Tech Mahindra will complement Comverse’s R&D and engineering operations through innovation in product development techniques and just-in-time capability reinforcement.

Tech Mahindra will bring its experience in developing and creating a start-up ecosystem that has helped launch path-breaking solutions for the connected world.

The company will also enable global exposure and long-term career opportunities for the employees coming on-board from Comverse.

The majority of the employees who will come on-board with Tech Mahindra as part of this initiative are based in Israel, the United States and several countries in APAC and EMEA.

Comverse will engage with employee representatives on its plans in accordance with country-specific legal obligations. The program is expected to be implemented starting June 1, 2015.