CUPERTINO, Calif. and MUMBAI,
India, Oct. 26,
2023 /CNW/ - LTIMindtree (NSE: LTIM) (BSE: 540005), a
global technology consulting and digital solutions company, and
Boardwalktech Software Corp (Boardwalktech) (TSXV: BWLK) (OTCQB:
BWLKF), the leading Digital Ledger platform company, have executed
a Teaming Agreement to partner on the implementation of
Boardwalktech's Velocity software solution that is changing the way
end-user computing applications are migrated at scale to compliant
IT-controlled and managed applications.
Boardwalktech's Velocity solution synergizes LTIMindtree's
profound expertise in core modernization, migration tools, and
accelerators, with Boardwalktech's unparalleled Digital
Ledger-based low-code application platform. This collaboration
empowers the seamless migration of Excel-based end-user computing
applications (EUCs) to IT controlled and managed business
applications, setting new industry standards. The offering
harnesses the formidable capabilities of Boardwalk Velocity, with
its unwavering commitment to compliance, meticulous data
management, and relentless pursuit of business process enhancement.
Velocity's cutting-edge solution empowers banks and insurance
clients to effortlessly achieve their regulatory and compliance
objectives, while promoting better data reliability via the digital
ledger's single version-of-the-truth. By leveraging Velocity's
transformative capabilities, clients experience the seamless
conversion of these End-User Computing applications on a grand
scale, realizing a substantial edge in terms of both time and cost
to deliver when compared to alternative technologies. LTIMindtree's
comprehensive end-to-end cloud migration framework and services
factory enables Banks and Insurance clients to fully leverage the
agility and power of Boardwalk Velocity. The partnership will help
the joint clients achieve predictable outcomes at scale and drive
transformative growth in their businesses.
Banks and insurers of all sizes are facing mounting regulatory
pressure to mitigate the risk associated with end-user computing
applications. This issue, which has historically been evaded due to
its extensive scope, reliance on manual solutions, and intricate
nature, can no longer be ignored. In light of the evolving
regulatory environment, risk management implications impeding both
revenue opportunity and control, and the imposition of fines by
regulatory bodies have made this of utmost importance for
prioritizing this endeavor. This revolutionary solution will
seamlessly address the pressing transformational requirements,
delivering unparalleled time and cost efficiencies that surpass all
previous possibilities.
"Our collaborative partnership with LTIMindtree at a prominent
US bank has empowered us to optimize our strategy for the
transformation of these End User Computing systems, resulting in
swift compliance, better risk management supporting revenue
endeavors, and robust data governance with a highly appealing
return on investment," stated Andrew T.
Duncan, Chief Executive Officer at Boardwalktech. "This
solution triumphs on three fronts - time, cost, and an
exceptionally minimal disruption to users. This enables LTIMindtree
and Boardwalktech to provide an unparalleled solution that is
poised to remain highly sought-after and indispensable within the
entirety of the financial services industry."
About Boardwalktech Software Corp.
Boardwalktech has developed a patented Digital Ledger Technology
Platform currently used by Fortune 500 companies running
mission-critical applications worldwide. Boardwalktech's digital
ledger technology and its unique method of managing vast amounts of
structured and unstructured data is the only platform on the market
today where multiple parties can effectively work on the same data
simultaneously while preserving the fidelity and provenance of the
data. Boardwalktech can deliver collaborative, purpose-built
enterprise information management applications on any device or
user interface with full integration with enterprise systems of
record in a fraction of the time it takes other non-digital ledger
technology-based platforms. Boardwalktech is headquartered in
Cupertino, California with offices
in India and operations in
North America. For more
information on Boardwalktech, visit our website
at www.boardwalktech.com.
About LTIMindtree
LTIMindtree is a global technology consulting and digital
solutions company that enables enterprises across industries to
reimagine business models, accelerate innovation, and maximize
growth by harnessing digital technologies. As a digital
transformation partner to more than 700 clients, LTIMindtree brings
extensive domain and technology expertise to help drive superior
competitive differentiation, customer experiences, and business
outcomes in a converging world. Powered by 83,000+ talented and
entrepreneurial professionals across more than 30 countries,
LTIMindtree — a Larsen & Toubro Group company — combines the
industry-acclaimed strengths of erstwhile Larsen and Toubro
Infotech and Mindtree in solving the most complex business
challenges and delivering transformation at scale. For more
information, please visit https://www.ltimindtree.com/.
Forward-Looking Information and Statements
This press release contains certain "forward-looking
information" within the meaning of applicable Canadian securities
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"forward-looking statements" within the meaning of the safe harbor
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1995. Such forward-looking information and statements are not
representative of historical facts or information or current
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materially different from those expressed or implied by such
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An investment in securities of the Company is speculative and
subject to several risks including, without limitation, the risks
discussed under the heading "Risk Factors" in the Company's filing
statement dated May 30, 2018.
Although the Company has attempted to identify important factors
that could cause actual results to differ materially from those
contained in the forward-looking information and forward-looking
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as anticipated, estimated or intended.
In connection with the forward-looking information and
forward-looking statements contained in this press release, the
Company has made certain assumptions. Although the Company believes
that the assumptions and factors used in preparing, and the
expectations contained in, the forward-looking information and
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such information and statements, and no assurance or guarantee can
be given that such forward-looking information and statements will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such information and
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of this press release, and the Company does not undertake to update
any forward-looking information and/or forward-looking statements
that are contained or referenced herein, except in accordance with
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Provider (as that term is defined in the policies of the TSX
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SOURCE BoardwalkTech