L&T Technology Services bags USD 40 mn deal

New Delhi: L&T Technology Services (LTTS) Monday said it has bagged a deal worth USD 40 million (about Rs 290 crore) to provide digital content management services to a technology company's industrial products segment.

LTTS, without disclosing the client's name, said the deal is expected to run for a period of five years with an aggregate revenue potential of USD 40 million, covering engineering content management (ECM) programmes in the US and European regions.

The engineering and R&D services company will leverage centres in Europe, US and India while assuming complete ownership and talent to manage content for all current and future product suites for the customer, it said in a statement.

"This would include technical design specifications, diagnostic solutions for service engineers and product training for customers and engineers, thereby supporting the entire ECM cycle from product conceptualisation to developing digital content platforms," it added.

LTTS CEO and Managing Director Keshab Panda said the deal win highlights the company's consulting capabilities to key customers in the US and European markets.

"LTTS will provide expertise and support in building content management capabilities with the help of new technologies such as artificial intelligence and virtual reality, thereby enhancing the overall customer experience, he added.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.