Business Wire

TECNOTREE

9.5.2024 15:31:34 CEST | Business Wire | Press release

Share
Tecnotree Collaborates with People+AI to Drive Open Cloud Compute Infrastructure and AI Standardization

Tecnotree, a global digital platform and services leader for AI, 5G, and cloud-native technologies, announced its partnership with people+ai, an initiative of the non-profit EkStep Foundation, on joining the Open Cloud Compute (OCC) project.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240509411323/en/

As the market leader in TM Forum Open API Conformance, Tecnotree holds the top position with the highest number of certified APIs among all members. With 59 certified Open APIs and an additional 17 transformation APIs from Camara defined by GSMA, Tecnotree offers a comprehensive suite of 76 APIs. This extensive API portfolio enables Tecnotree to support over 250 out-of-the-box journeys across the order-to-cash and provisioning lifecycle for monetization.

The partnership aims to enhance India’s compute ecosystem by creating a network of providers offering accessible and customized compute resources. The platform shares a collective vision of bringing ecosystems together across the world, for the future common standards and capabilities for AI, Cloud Infrastructure, Sustainability, Trusted AI, Cloud Compute, and SDNs.

In addition to Tecnotree, various other technology providers are collaborating to meet increasing compute requirements. Other companies participating include industry stalwarts such as Advanced Micro Devices (AMD), Oracle, Dell Technologies, Tata Communications, IBM, and more.

Mr. Nandan Nilekani, CoFounder & Director, EkStep Foundation, and Dr. Pramod Varma, CTO, EkStep Foundation held a closed-door session with representatives of more than 20 organisations on doing the groundwork to create a compute ecosystem in India, importantly for the creation of a single and open interface for providers and customers of computing infrastructure.

Nilekani said, “India’s approach to building technology at scale is unique. We have successfully unbundled the building blocks to create population-scale digital public infrastructure for identity, payments, and education. We see that India’s ideas for technology are being recognised globally. I believe it is now time to rebundle and make AI work to empower every individual and identify AI use cases unique to India. AI will help reduce barriers and personalise at scale.”

Tanvi Lall, director of strategy, people+ai, EkStep Foundation, said, “Just like energy sources, compute resources come in diverse forms. Over the next few years, demand for compute will go up due to increased digitalisation and AI, and the global cloud compute market is expected to triple in size. Through OCC, we are taking a digital public infrastructure approach to unlocking access to compute at scale."

Prianca Ravichander, Tecnotree CMO and Head of B2B2X Monetisation, said, “This initiative by OCC not only enhances India’s compute ecosystem sustainably but also fosters global collaboration in establishing common connectivity and standards for AI and Trust that help link Discoverability with Provisioning at scale with Cloud Infrastructure. Together with other industry leaders we are dedicated to meeting the growing compute requirements in a sustainable wat. Tecnotree is partnering with OCC to make this initiative a reality to foster Marketplace experiences around intelligently connected products in the realms of Healthcare, Transport, Media Entertainment and Financial Services through our Tecnotree Moments B2B2X monetisation platform.

We are dedicated to enabling the benefits of Cloud and AI through our digital products and services for telecom operators worldwide. We aim to drive forward AI and Cloud standardization globally, laying the groundwork for a more cohesive ecosystem. Together, we are laying the foundations that are not only technologically advanced but also inclusive and sustainable, propelling us towards a digitally inclusive future”.

About Tecnotree

Tecnotree has been Empowering Digitally Connected Communities to over 90+ Telecom Providers around the world, since 1978. Our leading AIML-embedded, 5G-ready digital Business Support System (BSS), with multi-cloud extensibility, has challenged traditional transformation approaches and gained acceptance across a range of emerging and established markets, currently supporting over 1 billion subscribers with Tier 1 Customers like Telefonica, STC, MTN, CLARO, Ooredoo and more. Change and transformation are at the very essence of our DNA driving continuous innovation, delivering world-class experiences and monetisation capabilities to telecom operators and their customers through Tecnotree Moments, enabling essential services beyond voice and data connectivity to other digital experiences in the area of health, education, financial inclusion and beyond. Tecnotree is listed on the Helsinki Nasdaq (TEM1V).

About people+ai

People+ai is a non-profit initiative by the EkStep Foundation to initiate and co-create AI-based initiatives that help create a future by design. Together, we identify challenges, generate solutions, and build the foundational tools needed to scale AI for impact.

To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240509411323/en/

About Business Wire

Business Wire
Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco

http://businesswire.com
DK

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

Ras Al Khaimah Ruler Awards Sheikh Saud International Prize for Materials Science at IWAM 20264.2.2026 14:09:00 CET | Press release

Prize underscores Emirate’s global commitment to science, innovation and advanced materials research His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, today awarded the Sheikh Saud International Prize for Materials Science during the 17th International Workshop on Advanced Materials (IWAM), one of the world’s leading forums for advanced materials research. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260204274737/en/ HH Sheikh Saud bin Saqr Al Qasimi-keynote speech at IWAM (Photo: AETOSWire) Presented on day two of IWAM, the Prize recognizes exceptional contributions to materials science and its applications in addressing global challenges. The award was conferred upon Professor Omar Yaghi, winner of the 2025 Nobel Prize in Chemistry, in recognition of his transformative work in materials chemistry and his pioneering contributions to clean energy, carbon capture and sustai

Positron AI Raises $230 Million Series B at Over $1 Billion Valuation to Scale Energy-Efficient AI Inference4.2.2026 14:00:00 CET | Press release

Co-led by ARENA Private Wealth, Jump Trading, and Unless, with strategic investment from Qatar Investment Authority (QIA), Arm, and HelenaFunding accelerates Positron's roadmap from shipping Atlas systems today to next-generation Asimov silicon, targeting tape-out in late 2026 and production in early 2027; announced at Web Summit Qatar Positron AI, the leader in energy-efficient AI inference hardware, today announced an oversubscribed $230 million Series B financing at a post-money valuation exceeding $1 billion. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260204250472/en/ Thomas Sohmers (L), CTO and cofounder, and Mitesh Agrawal (R), CEO of Positron AI (Credit: Kavita Agrawal) The round was co-led by ARENA Private Wealth, Jump Trading, and Unless, and includes new and strategic investment from Qatar Investment Authority (QIA), Arm, and Helena. Existing investors Valor Equity Partners, Atreides Management, DFJ Growth, Res

Bridger Photonics Posts Record Year as Operators Turn to Trusted Emissions Intelligence4.2.2026 13:20:00 CET | Press release

Bridger Photonics (“Bridger”) closed its strongest year in company history last year, marked by record asset coverage, record revenue, and global adoption of its methane emissions data and intelligence across multiple continents and the entire oil and natural gas value chain. Bridger’s momentum reflects a clear shift in how operators choose to manage emissions: away from legacy and weather-limited approaches and toward entire asset coverage with data they can trust. Bridger continues to lead the methane detection space—growing existing customers and attracting new ones. Bridger has competitively displaced 32 customers from other aerial technologies, driven by deep industry expertise, proven data reliability and actionability, the ability to operate across challenging conditions and seasons, close coordination with ground crews, and a white-glove service model designed around operator needs. Customers across onshore production, midstream, LNG, and offshore operations are increasingly re

Registrar Corp Acquires TechniCAL and Becomes the Global Compliance Leader in Shelf-stable Packaged Foods Safety4.2.2026 13:00:00 CET | Press release

Registrar Corp, the world’s largest food and beverage regulatory compliance provider, today announced its acquisition of TechniCAL, the world’s leading independent Process Authority for low-acid and acidified foods. Registrar Corp is a Paine Schwartz Partners portfolio company. Consumer demand for convenience and longer product life without refrigeration has driven rapid growth in shelf-stable foods and beverages, with packaging innovations extending beyond cans and glass jars to formats such as retort pouches and cartons. Ensuring products in these various packaging formats are safe from harmful microorganisms is critical to public health and required by the U.S. FDA. Together, Registrar Corp and TechniCAL provide the industry’s most complete solution, combining proven scientific expertise, regulatory knowledge, training, and advanced thermal testing. “TechniCAL is world renowned for its Process Authority expertise and advanced testing technologies assuring compliant thermal processin

Kinaxis Announces Intention to Maximize Size of Normal Course Issuer Bid4.2.2026 13:00:00 CET | Press release

Kinaxis® Inc. (“Kinaxis” or the “Company”) (TSX: KXS) today announces that it intends to amend its current normal course issuer bid (the “NCIB”) to increase the number of its common shares (the “Shares”) that may be repurchased from 1,403,042, representing 5% of the Company’s issued and outstanding Shares as at October 31, 2025, to approximately 2,799,843, representing 10% of the Company’s “public float” as at October 31, 2025, which is the maximum allowable under the rules of the Toronto Stock Exchange (the “TSX”). The Company has already invested US$54 million under its current NCIB. At the average price paid to date for the Shares under the current NCIB, repurchasing 10% of the Shares would represent an additional investment of approximately US$284 million. “There is a fundamental misunderstanding of the opportunities and threats from generative and agentic AI to mission-critical enterprise software, like ours, that solves deeply complex problems and enables highly consequential dec

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom
World GlobeA line styled icon from Orion Icon Library.HiddenA line styled icon from Orion Icon Library.Eye