Announcing a partnership with Qualcomm Technologies, Inc., a pioneer in wireless technologies, through the Qualcomm® IoT Accelerator Program, Sasken Technologies Ltd., a global leader in cutting-edge technological solutions, is thrilled.
This partnership represents a key turning point in Internet of Things (IoT) innovation and demonstrates both businesses’ dedication to influencing the direction of linked products and services in the future.
Sasken, a product engineering and digital transformation expert founded in 1989, offers concept-to-market, chip-to-cognition R&D services to major players across a range of industries. With more than 30 years of expertise and numerous patents, Sasken has altered the operations of more than 100 Fortune 500 firms, enabling the operation of more than a billion devices.
By adopting cutting-edge technologies like 5G, AI, ML, IoT, V2X, Blockchain, and others, the company assists clients with digitization, modernization, and the introduction of industrial products.
“This collaboration with Qualcomm Technologies is a testament to our decades-old relationship and shared vision of leveraging IoT to revolutionize industries and improve people’s lives,” said Abhijit Kabra, CEO of Sasken Technologies Ltd. We are well-positioned to develop disruptive solutions that will significantly affect a variety of industries by fusing Qualcomm Technologies’ leading inventions with Sasken’s in-depth knowledge in IoT solutions.
By working together, Atul Suri, VP of Strategy and Analysis at Qualcomm Technologies, Inc., highlighted the objective of building a strong ecosystem of interconnected IoT devices. He said that this partnership would make use of Qualcomm Technologies’ cutting-edge products and Sasken’s considerable experience in IoT product engineering to hasten the development of reliable, secure, and effective IoT solutions.
Rajiv C. Mody, chairman of Sasken Technologies Ltd., stressed the strategic aspect of the partnership, which aims to advance IoT adoption across industries. In order to help our clients succeed in this quickly changing digital environment, he declared, “Together, we will shape the future of connected devices.”
This partnership addresses the difficulties in attaining seamless integration, scalability, and security that different businesses face in their IoT endeavors. By combining Qualcomm technology’ industry-leading wireless technology with Sasken’s end-to-end IoT capabilities, the partnership is well-positioned to provide organizations with cutting-edge solutions that boost productivity, efficiency, and transformational growth.
Financially speaking, Sasken Technologies Ltd. has a market valuation of Rs. 1,804 crore and a 15% CAGR in its stock price over the past three years. The business recorded net sales of 447 crores and a net profit of 99 crores for FY23. Sasken Technologies Ltd. shares increased in price on Wednesday, reaching Rs. 1,185.20 a share, with an intraday high of Rs. 1,213.00 and a low of Rs. 1,091.55. As of June 2023, the firm’s promoters owned around 43% of the corporation.
