Can Tanla Platforms log a fresh 52-week high? Know why it may!
The performance of Tanla Platforms stock was quite commendable on Monday, despite the fact that the market was seen tumbling and fierce selling was also witnessed right through the day. The stock not only outperformed the benchmark indices and broader markets but also, ended near the high point of the day.
On Tuesday as well, the stock is likely to remain in the limelight after Tanla Platforms (company) and Vodafone Idea announced a partnership wherein, Tanla will be the exclusive provider of solutions to secure, encrypt & enhance performance for the entire international messaging traffic on Vi network. With this, India’s international messaging market is estimated to be Rs 3,500 crore annually.
This partnership centered on Wisely - a cloud-based platform co-developed with Microsoft, is set to lead the global enterprise market in digital interactions and is expected to go-live in Q4 21-22. This follows the success of ‘Trubloq’- the largest implementation of blockchain use case processing of approximately 350 billion transactions per year.
Wisely offers a digital marketplace, bringing together enterprises & suppliers connected by secure express routes and Microsoft’s global network, enabled by Tanla’s patented cryptographic technology. The platform powered by blockchain ensures complete transparency and a single source of truth resulting in immutable audit trails as well as zero dispute settlements. Further, the platform will ensure compliance with all applicable regulations.
Wisely platform is designed to deliver a manifold increase of RoI and conversions for global enterprises. These enterprises include large tech giants as well as OTT players amongst others. They will benefit from flexible business models and can develop bespoke solutions to help achieve their strategic priorities. Furthermore, Wisely will deliver an enhanced experience for millions of mobile users in India through timely delivery of mission-critical messages, also ensuring data security & data privacy. Tanla and VIL are confident that this expansion of their long-standing relationship will reimagine the future of the messaging industry in India.