Neural Labs Enhances Smart City Solutions with Thales Cloud Licensing Integration

Neural Labs Enhances Smart City Solutions with Thales Cloud Licensing Integration

(IN BRIEF) Thales and Neural Labs have expanded their partnership to incorporate cloud licensing, enabling Neural Labs to deploy and update licenses for their Smart Cities and Intelligent Transportation Systems solutions from any location. This collaboration, spanning over two decades, aims to provide secure and efficient software solutions for vehicle access control and logistical planning. Thales’s Sentinel platform automates license creation and issuance, helping Neural Labs reduce costs, enhance customer focus, and strengthen competitiveness. Neural Labs has experienced significant revenue growth with Thales’s support, and this expansion of their partnership signifies a commitment to scaling and digital transformation.

(PRESS RELEASE) LA DÉFENSE, 13-Mar-2024 — /EuropaWire/ — Thales (EPA: HO), a French multinational company active in the aerospace, defence, transportation and security markets, and a global leader in Software Monetization and Licensing, is expanding its longstanding collaboration with Neural Labs, a leading provider of video analysis for Smart Cities and AI-based Intelligent Transportation Systems (ITS). This extended partnership aims to deliver secure, efficient, and practical solutions for vehicle access control and logistical planning.

Neural Labs will leverage Thales’s Sentinel platform to automate the creation and issuance of licenses swiftly and efficiently. By utilizing Sentinel’s services for software licensing, entitlement management, delivery, and protection, Neural Labs can reduce costs, enhance customer focus, and strengthen its software’s competitive advantage.

The relationship between Thales and Neural Labs originated over two decades ago when Neural Labs first adopted Sentinel for software protection. Now, as Neural Labs embraces digital transformation, it has integrated Thales Sentinel Cloud Licensing to manage its Software as a Service (SaaS) offerings.

With this latest cloud licensing integration, Neural Labs gains the ability to deploy and update licenses seamlessly from any location across its entire product portfolio and expanding sales teams. This expansion of the partnership is pivotal for Neural Labs to realize its growth aspirations in an increasingly interconnected world.

In the past three years alone, Neural Labs has witnessed a nearly 25% increase in revenue, with Thales Sentinel playing a vital role in mitigating revenue leakage from unauthorized software use.

Elias Varcarcel, CEO of Neural Labs, expressed confidence in the partnership, stating, “We always knew that we needed to protect our software and futureproof our business. Thales has been there with us since the very beginning to help us to avoid software piracy and make the most of every market opportunity. Now, we’re working with the team even more closely to prepare our software so that 100% will be offered on the cloud. The expansion of this partnership will help us to scale with the flexible and practical solutions, and our longstanding relationship means we can move forward with full trust.”

Damien Bullot, Vice President of Software Monetization at Thales, highlighted the company’s commitment to supporting Neural Labs’ mission of enhancing urban safety and efficiency. “For over 20 years, our team has provided the technical support to help Neural Labs on its mission to make cities, towns and the road network safer, smarter and more efficient. We’re incredibly proud that Neural Lab’s confidence in our platform and services has allowed them to grow exponentially. We’re now looking ahead to the next stage – full digital transformation backed by flexible and scalable solutions.”

This collaboration underscores the mutual dedication of both Thales and Neural Labs to advancing innovation and driving value for their customers in the ever-evolving landscape of software licensing and monetization.

About Neural Labs

Neural Labs has more than 20 years of experience in the development of specialized software based on reading license plates and video analytics to revolutionize various sectors such as Smart Cities, Mobility, Security, Intelligent Transport Systems (ITS), vehicle traffic management, infractions control, logistics, and vehicular access. This remarkable array of capabilities stands as a testament to Neural Labs’ substantial commitment to Research and Development.

The solutions crafted by Neural Labs go above and beyond, demonstrating excellence in reading and identifying vehicle license plates (ANPR or LPR) and ISO6346 codes of transport containers (ACCR).

Neural Labs is dedicated to designing solutions that simplify the lives of its clients, transforming their environments into safer and more efficient spaces.

About Thales

Thales (Euronext Paris: HO) is a global leader in advanced technologies within three domains: Defence & Security, Aeronautics & Space, and Digital Identity & Security. It develops products and solutions that help make the world safer, greener and more inclusive.

The Group invests close to €4 billion a year in Research & Development, particularly in key areas such as quantum technologies, Edge computing, 6G and cybersecurity.

Thales has 77,000¹ ​ employees in 68 countries. In 2022, the Group generated sales of €17.6 billion.

¹ Excluding the Transport business

Media contact:

Marion Bonnet, Press and social media manager, Security and Cyber
+33 (0)6 60 38 48 92
marion.bonnet@thalesgroup.com

SOURCE: Thales