Tanla hits 5% upper circuit on tie-up with Voda Idea
Published On: Tuesday, December 7, 2021 | By: Team KnowMyStock
Shares of Tanla Platforms were locked at a 5 percent upper circuit and hit a 52 week high of Rs 1,675.90 on the BSE on Tuesday after the company announced the partnership with Vodafone Idea. Tanla and Vodafone Idea announced a partnership wherein Tanla will be the exclusive provider of solutions to secure, encrypt and enhance performance for the entire international messaging traffic on the Vi network. India’s international messaging market is estimated to be around Rs 3,500 crore annually," Tanla Platforms said in an exchange filing. The companies entered into a partnership to deploy patented block-chain enabled Wisely Platform to manifold increase ROI for global enterprises, The partnership will be hosted on Tanla’s cloud-based ‘Wisely’ platform, co-developed with Microsoft, and is expected to help the telco strengthen its position in the global enterprise market.
“Our partnership with Vi, powered by the Wisely platform, is a massive step forward to lead the global digital interactions space. Wisely platform is a win-win proposition for all stakeholders – consumers, global enterprises, suppliers, and regulators – as we are committed to innovating with the entire ecosystem in mind,” said Uday Reddy, Founder Chairman, and CEO of Tanla Platforms Limited.
“Vi Business is focussed on providing technology-based solutions to enterprises enabling digital transformation, productivity, and efficiency enhancement. We are the early adopters of Wisely Platform from Tanla which brings critical capabilities for our enterprise customers,” said Arvind Nevatia, Chief Enterprise Business Officer of Vodafone Idea Limited.
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