LTIMindtree Strengthens Engagement with Arenco Group, UAE

LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company has strengthened its engagement with Arenco Group, a leading group into Real Estate, Hotel Apartments, Hotels, Car Rentals & Auto Services, Furniture Manufacturing and Trading, Interior Design and other investments.

This engagement will enable upgradation of JD Edwards 9.1 system to latest release and hosting of JDE application on Oracle cloud infrastructure to modernize Arenco's IT infrastructure. This will consequently improve agility, optimize costs, enhance performance, ensure compliance, and unlock new capabilities to drive business growth and innovation at Arenco.

Arshad Javed, Group IT Manager, Arenco Group, said, "We are excited about this strategic partnership with LTIMindtree. The JDE 9.2 upgrade has empowered our digital transformation journey and we now have access to the various Oracle cloud tools and services necessary for this exciting transition. We look forward to continued collaboration as we move into the next phase of automation, optimization and transformation".

Deepak Khosla, Executive Vice President and Chief Business Officer, LTIMindtree, said, "We are proud to partner with Arenco in accelerating their digital transformation journey. Our team will leverage cutting-edge innovation and skilled expertise to ensure rapid progression of Arenco group to achieve industry-wide edge in digital maturity curve."

Shares of LTIMindtree Limited was last trading in BSE at Rs. 4607.55 as compared to the previous close of Rs. 4619.85. The total number of shares traded during the day was 62722 in over 6591 trades.

The stock hit an intraday high of Rs. 4659.70 and intraday low of 4557.50. The net turnover during the day was Rs. 288354079.00.

Source : Equity Bulls

Keywords

LTIMindtree INE214T01019 ArencoGroup UAE