LTIMindtree and SNP Launch MELD®: Collaborative Services Platform for Acquisition and Divestment Programs for SAP Customers

LTIMindtree (NSE: LTIM, BSE: 540005), a global technology consulting and digital solutions company, in collaboration with SNP, the world’s leading provider of software for managing complex digital data transformation processes, has launched the latest “MELD” platform for accelerated and reliable execution mergers, acquisitions and divestments that accelerate data integration and process harmonization for clients.

Enterprises taking on these initiatives need fast, lean and cost-effective solutions tailored to consolidate the landscape, integrate business processes and technology requirements in carve-out and blend scenarios that ensure seamless data management and no business disruption. MELD meets these requirements and includes a built-in platform for innovative data discovery and management and accelerated, cost-effective implementation, thereby enabling enterprises to maximize business value without disrupting operations.

Vineet Moroney, senior vice president and global director of enterprise applications at LTIMindtree, said: “Our experience and expertise in SAP implementation helped us develop the MELD platform in partnership with SNP to provide accelerated discovery, robust data management, Improved risk-free testing and deployment. This platform helps organizations avoid layoffs and minimize change, ensuring the desired outcome of maximum adoption and faster time to value to achieve business results.

Camilla Dahlen, president and managing director of SNP North America, said: “We are excited to partner with LTIMindtree in the M&A and divestiture space, where we specialize in data separation and migration for acquired or spin-off businesses. Drawing on our knowledge of the CrystalBridge® Software Automation Platform and our experience from over 1,300 projects across 29 industries, SNP is committed to delivering a faster, cost-effective approach to data processing that minimizes disruption and enables companies to rapidly improve business outcomes, drive growth and profitability.

This integrated LTIMindtree and SNP platform will be a powerful tool for customers in the Manufacturing, Consumer Products, Technology & Services, and Energy & Utilities segments that are subject to acquisitions and divestitures. The platform provides a comprehensive suite of solutions for SAP projects in the context of mergers and acquisitions to reduce risk and accelerate the path to the target architecture.

Shares of LTIMindtree Limited were last traded on BSE at Rs. 4951.20 as compared to previous close of Rs. 4906.10. The total number of shares traded during the day was 33,182 in over 4,880 trades.

The company’s stock touched an intraday high of Rs. 5,025.40 and the daily low of 4,937.05. The net turnover during the day was PLN 1.5 thousand. 165238473.00.

Source: Capital Bulls

Keywords

LTImindtree
INE214T01019
SNP
MELD
Collaboration Services