Mindtree grabs multi-year IT transformation deal from Western Asset
- ByStartupStory | October 21, 2021
Mindtree, a leading digital transformation and technology services company, today announced that it has been selected by Western Asset, one of the world’s leading dynamic fixed income investment managers, as a strategic partner to help drive innovation and differentiated experiences for global investors. Mindtree will initially partner with the Western Asset team on their IT infrastructure and application portfolio and create a number of strategic business initiatives.
As part of this multi-year commitment, Mindtree will enable Western Asset to create a more agile operating model that can quickly adapt to changing business needs and accelerate time to gain value. Mindtree will use its deep domain and digital expertise to help Western Asset accelerate its transition to a platform-based operating model. It will also help the US company automate business systems and ensure that these systems follow industry best practices for IT services. This enables Western Asset to improve overall productivity, delivery and agility.
Western Asset is one of the world’s leading fixed income managers. With a focus on long-term fundamental value investing with a top-down and bottom-up approach, the company has nine offices around the world and extensive experience in all fixed income sectors. Founded in 1971, Western Asset is known for its team management approach and intensive proprietary research, supported by strong risk management.
Mindtree is a global technology advisory and services company that helps businesses combine scalability and flexibility to gain a competitive advantage. “Digital-born” in 1999 and now a Larsen & Toubro group company, Mindtree applies its deep domain knowledge to more than 260 corporate client agreements to break silos, understand digital complexities and bring new initiatives to market faster. We enable IT to evolve at the pace of business, leveraging emerging technologies and the efficiencies of continuous delivery to drive business innovation. Present in 24 countries around the world, we are still considered one of the best places to work, epitomized every day by our winning culture of more than 29,700 entrepreneurial, collaborative and committed Mindtree Minds.
Mindtree reported a 57.2% increase in its net profit for the July-September quarter to Rs 398.9 crore last week. On Wednesday, the company’s shares closed 0.74% to Rs 4,775.90 on the Bombay Stock Exchange.
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