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Mindtree bags multi-year IT transformation deal from Western Asset

NEW DELHI :

Mindtree Ltd said on Wednesday that it has been selected as a strategic partner by Western Asset, one of the world’s leading active fixed-income investment managers, to help drive innovation and differentiated experiences for the company. Financial terms of the deal were not disclosed.

Mindtree will initially partner with the Western Asset team on their IT infrastructure and application portfolio, while also enabling several strategic business initiatives.

As part of this multi-year engagement, Mindtree will enable Western Asset to create a more flexible operating model that can quickly adapt to changing business needs and accelerate time-to-value.

“By leveraging its deep domain and digital expertise, Mindtree will help Western Asset accelerate the transition to a platform-based operating model, automate enterprise systems, and maintain industry-leading best practices for IT services. This will enable Western Asset to scale overall productivity, agility and delivery,” Mindtree said in a statement.

“As part of this strategic partnership, we look forward to enabling a fundamental shift in Western Asset’s IT operating model. Complementing Western Asset’s distinctive client-centric approach with scalable and resilient technology will further boost the firm’s ability to continue to meet and exceed client expectations,” said Venu Lambu, executive director and president, Global Markets, Mindtree.

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