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 20241.
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.