Thales and LTTS Partner to Revolutionize Software Monetization with Sentinel Platform

Thales and LTTS Partner to Revolutionize Software Monetization with Sentinel Platform

(IN BRIEF) Thales and L&T Technology Services (LTTS) have expanded their long-standing partnership to enhance software monetization across various industries, including hi-tech, sustainability, and mobility. The collaboration will utilize Thales’s Sentinel software licensing platform, enabling LTTS’s customers to implement flexible pricing models and optimize the value of their software products. This partnership aims to accelerate digital transformation, reduce costs, and drive innovation while ensuring that LTTS’s software offerings are properly protected and monetized.

(PRESS RELEASE) LA DÉFENSE, 22-Aug-2024 — /EuropaWire/ — Thales, a global leader in technology and security, has entered into a strategic partnership with L&T Technology Services Limited (LTTS), a prominent engineering and R&D firm. This collaboration aims to enhance the monetization of software solutions across various industries by integrating Thales’s cutting-edge software licensing platform, Thales Sentinel, into LTTS’s digital offerings.

Building on a successful 20-year relationship, this new agreement leverages LTTS’s expertise in AI, mobility, and sustainability to offer its clients more flexible and profitable software solutions. By adopting the Thales Sentinel platform, LTTS will empower its customers to transition to modern, recurring revenue models such as agile subscriptions and usage-based pricing, ultimately optimizing their software’s market potential.

The partnership extends LTTS’s reach into critical sectors, including transportation, healthcare, telecommunications, and financial services, by allowing these industries to capitalize on innovative software monetization strategies. The integration of Thales Sentinel will not only protect these software products but also ensure they are effectively monetized, providing significant return on investment for LTTS’s global customer base.

Damien Bullot, Vice President of Software Monetization Solutions at Thales, highlighted the importance of the collaboration: “We are excited to deepen our long-standing relationship with LTTS. This partnership will help LTTS’s customers unlock the full potential of their software products, driving both innovation and profitability.”

Alind Saxena, Executive Director & President of Mobility & Tech at LTTS, emphasized the broader impact of the collaboration: “Our partnership with Thales reinforces our commitment to delivering innovative digital solutions across key sectors. By integrating the Sentinel platform, we aim to accelerate product development, reduce costs, and drive sustainability, all while ensuring our customers can fully realize the value of their software investments.”

This partnership marks a significant step forward in the digital transformation of industries, combining Thales’s advanced software monetization tools with LTTS’s deep industry expertise to drive growth and innovation on a global scale.

About Thales

Thales (Euronext Paris: HO) is a global leader in advanced technologies specialized in three business domains: Defence & Security, Aeronautics & Space, and Cybersecurity & Digital identity.

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 innovation areas such as AI, cybersecurity, quantum technologies, cloud technologies and 6G.

Thales has close to 81,000 employees in 68 countries. In 2023, the Group generated sales of €18.4 billion.

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