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LTM Ltd.on Thursday, October 15, said it has won a multi-million dollar managed services transformation deal from a leading North American specialty engineering and construction company.
The deal is to build and deploy an AI-led managed services operating model.
The company said the deal consolidates infrastructure, cybersecurity and application administration managed services from multiple providers to LTM, with an initial three-year term.
As part of the agreement, LTM said it will build an AI-led managed services operating model designed to deliver outcome-driven services, incorporating observability and automation to ensure resilient technology services.
LTM said leveraging its deep domain expertise and AI-centric managed services capabilities, it will consolidate infrasutructure, cybersecurity and application services into a streamlined, outcome driven operating model that accelerates modernization while strengthening operational resilience.
LTM's chief business officer, manufacturing and retail CPG Rajesh Sundaram said as enterprises modernize their technology landscapes, they are increasingly seeking strategic partners that can combine operational excellence with AI-driven innovation.
"This engagement reflects our ability to help clients unlock greater value from their technology investments, enhance business agility and create a foundation for sustained growth through AI-enabled operations," Sundaram added.
Shares of LTM are trading 1.8% higher after the results announcement at ₹4,301.5. The stock is down 30% so far this year.
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