Tech Mahindra : Saudi Telecom Company Alliance to Innovate for Vision 2030

Capacity transfer to grow coming generation of Saudi ICT professionals

DUBAI, United Arab Emirates - 11 October 2017: The Saudi Telecom Company (STC), represented by its enterprise focused business unit, STC Business, and Tech Mahindra Ltd., a leading provider of digital transformation, consulting and business reengineering services announced a strategic alliance aimed at enabling the Kingdom of Saudi Arabia (KSA) in its Vision 2030 through innovations in digitalization targeting a broad spectrum of sectors.

The alliance will leverage STC's cloud and IoT platforms, its expansive national backbone, and the reach and penetration of its fixed and mobile networks, matched to the experience of Tech Mahindra's across digital transformation backed by its deep expertise in newer technologies such as Internet of Things (IoT), Big Data & Analytics, Machine Learning and Robotic Process Automation (RPA) among others.

As a part of the Vision 2030, the KSA is looking at making the kingdom a global model of excellence on all fronts by diversifying its economy and developing public sectors such as health, education, infrastructure, recreation, and tourism. An aspiring ICT leader with robust technology infrastructure and strong footprint in the region, STC is a key implementation partner for Vision 2030.

Through the alliance, the two companies will build and rollout cutting-edge digitalization solutions, built around the Cloud, IoT and delivered across a variety of interfaces, and covering a broad spectrum of future Smart City and industry specific needs in the public and private sector covering sectors such as Health, Oil & Gas and Transportation among others.

'Digitization is key to the success of Vision 2030's transformation objectives, which is why we are partnering with Tech Mahindra to innovate around the cloud and IoT, and encourage innovation across the eco-system with the solutions and usage cases we develop together,' said STC Senior Vice President of Enterprise, Dr. Tarig M. Enaya.

'As a global Digital Transformation leader, Tech Mahindra is driving technology-led transformation at many leading global enterprises and with STC as partners we have increased our capability manifold. We are very optimistic that with STC as our partner, Tech Mahindra can immensely contribute to the Kingdom's march towards achieving Vision 2030,' said Manish Vyas, President, Communications Business & Chief Executive - Network Services at Tech Mahindra.

Driving the sustainability and momentum of the alliance's innovation will be a series of Tech Mahindra driven knowledge transfer activities, aimed at creating jobs for experienced Saudi ICT professionals by providing the youth with high quality technical training, he added.

STC Business delivers scalable digitization solutions to customers in the public and private sector, leveraging STC's B2B technology focused subsidiary, STC Solutions, all hosted at a series of data centers with infinite resources interconnected with the most expansive national networks.

Tech Mahindra, which is part of diversified business conglomerate Mahindra Group, has been present in the Kingdom since 2006 catering to over thirty active customers. The company has a combined presence of over 1600 associates in the KSA including the team that came with the acquisition of LCC in November 2014. Some of Tech Mahindra's prominent customers in the country include the largest oil & gas companies, major petrochemical companies, one of the largest manufacturing group, leading banks and telecom companies.

About STC Business

STC Business delivers scalable digitization solutions to customers in the public and private sector built around several portfolios and practice areas: Managed Services, the Internet of Things, Mission Critical communication for public safety operators, Cloud & Data Center, Cyber Security and System Integration solutions. All solutions leverage STC's B2B technology focused subsidiary, STC Solutions, and are all hosted at a series of data centers with infinite resources interconnected with the most expansive national networks.

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Disclaimer

Certain statements in this release concerning the future prospects of Tech Mahindra Limited ('the Company' or 'TechM') are forward-looking statements. These statements by their nature involve risks and uncertainties that could cause Company's actual results differ materially from such forward-looking statements. The Company, from time to time, makes written and oral forward-looking statements based on information available with the management of the Company and the Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.