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Pune: IT solutions and consulting firm Tech Mahindra has announced a strategic collaboration with the SOVICO Group, an investment group in Vietnam, to enable its digital transformation.

The memorandum of understanding (MoU) was signed to drive technology-led transformation for SOVICO across sectors including aviation, banking and insurance, and retail.

As part of the collaboration, Tech Mahindra will focus on delivering ICT solutions for greater flexibility across digital IT operations, which includes modernising core operations and internal applications to drive innovation and accelerate SOVICO’s digital transformation journey.

“The partnership is aimed at significantly enhancing SOVICO’s IT roadmap and digital readiness by modernizing and automating their core operations and infrastructure solutions, thereby enabling advancement of business opportunities. We look forward to a strategic relationship with SOVICO to drive innovation in the technology ecosystem,” said Anuj Bhalla, President – APJI SBU – Enterprise, Tech Mahindra.

SOVICO Group is a leading investment group in Vietnam which has a presence across banking and finance, aviation, and the industrial sectors.

“We are pleased to announce the cooperation between the two parties today, hoping to bring great strides in research, development and application of technology to serve the goal of building a digital economy in Vietnam and the international integration. This program will soon help SOVICO optimize our customers’ experience based on a wide range of premium services and products,” said Pham Khac Dung – Vice President of SOVICO Group.