CyanConnode Holdings PLC CyanConnode signs MoU with Tech Mahindra
28 February 2017 - 6:02PM
RNS Non-Regulatory
TIDMCYAN
CyanConnode Holdings PLC
28 February 2017
CyanConnode Holdings plc
("CyanConnode" or the "Company")
CyanConnode signs MoU with Tech Mahindra
Companies to collaborate to deliver narrowband mesh technology
in key markets
CyanConnode, the world leader in narrowband radio mesh networks,
announces that it has signed a Memorandum of Understanding ("MoU")
with Tech Mahindra Limited ("Tech Mahindra"), a specialist in
digital transformation, consulting and business engineering.
CyanConnode and Tech Mahindra have agreed to collaborate to
market, sell and deliver expertise in narrowband mesh technology
for the smart grid, smart city and Internet of Things ("IoT")
markets. As part of the collaboration, Tech Mahindra will integrate
CyanConnode's enterprise-level Head End Software (HES) with leading
Meter Data Management Systems ("MDMS") and Enterprise Business
Applications to create an end-to-end utility specific solution.
According to a recent report from Navigant Research, the global
revenue for MDMS and analytics is expected to total $10.3 billion
from 2015 to 2024(1) .
John Cronin, CyanConnode Executive Chairman, commented: "We are
pleased to be working with Tech Mahindra, which will extend our
partner eco-system. The integration of our enterprise-level
software with Tech Mahindra's Enterprise Applications will broaden
our proposition and provide customers with solutions across the
leading application platforms. This collaboration is a further step
towards a managed services business model, which will deliver a
recurring revenue stream from software licenses and support
services."
Anil Daulani, Global Utility Head & VP, Tech Mahindra
commented: "CyanConnode's narrowband RF mesh communication platform
is an enabler for Advanced Metering Infrastructure systems
globally, proven by its customer deployments around the world. Its
enterprise software provides a transparent and versatile
communication interface between meters and ERP systems."
Tech Mahindra is a USD 4.2 billion revenue company, helping over
837 global customers including Fortune 500 companies. It is part of
the USD 17.8 billion Mahindra Group that employs more than 200,000
people in over 100 countries. The Mahindra Group operates in the
key industries that drive economic growth, enjoying a leadership
position in diverse markets including information technology.
-Ends-
(1)
https://www.navigantresearch.com/newsroom/revenue-for-meter-data-management-systems-and-analytics-is-expected-to-total-10-3-billion-from-2015-to-2024
Enquiries:
CyanConnode Holdings plc Tel: +44 (0) 1223
225 060
John Cronin, Executive Chairman www.cyanconnode.com
Cantor Fitzgerald Europe - Tel: +44 20 7894
Nomad and Broker 7000
Andrew Craig / Richard Salmond
Beaufort Securities Limited Tel: +44 (0) 20
- Joint Broker 7382 8300
Jon Belliss
Walbrook PR - Financial PR Tel: +44(0) 20 7933
8780
Paul Cornelius / Nick Rome cyanconnode@walbrookpr.com
About CyanConnode
CyanConnode is a world leader in narrowband RF mesh networks
that enable Omni Internet of Things (IoT) communications. Its
innovative solutions use sub GHz frequencies and are optimised for
exceptional performance. Ultimesh solutions provide end-to-end
quality of service and total cost of ownership and Panmesh delivers
standards-based IPv6 solutions, enabling rapid innovation for the
implementation of 3(rd) party applications. Through its global
partner eco-system, CyanConnode provides customers with the
flexibility and choice required to converge networks for
applications in smart cities and IoT, delivering increased customer
value.
For more information, please visit www.cyanconnode.com.
About Tech Mahindra
Tech Mahindra represents the connected world, offering
innovative and customer-centric information technology experiences,
enabling Enterprises, Associates and the Society to Rise(TM). We
are a USD 4.2 billion company with 117,000+ professionals across 90
countries, helping over 837 global customers including Fortune 500
companies. Our convergent, digital, design experiences, innovation
platforms and reusable assets connect across a number of
technologies to deliver tangible business value and experiences to
our stakeholders. Tech Mahindra is amongst the Fab 50 companies in
Asia (Forbes 2016 list).
We are part of the USD 17.8 billion Mahindra Group that employs
more than 200,000 people in over 100 countries. The Group operates
in the key industries that drive economic growth, enjoying a
leadership position in tractors, utility vehicles, after-market,
information technology and vacation ownership.
For more information, please visit www.techmahindra.com
For Further Queries:
Shalini Singh
Global Media Relations & PR
Email: Shalini.singh7@techmahindra.com
media.relations@techmahindra.com
This information is provided by RNS
The company news service from the London Stock Exchange
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February 28, 2017 02:02 ET (07:02 GMT)
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