BrazilLTIMindtree launches Digital Innovation Hub in Cyprus
India-headquartered LTIMindtree has opened a new Digital Innovation Hub in Cyprus, which will serve the firm’s larger clients in Cyprus and the European mainland.
The new hub, which is located in the Research and Innovation Hub of CYENS Center of Excellence in Nicosia, is dedicated to advancing digital solutions and providing technology solutions to clients. Key clients are Eurobank, a banking group with 600+ branches in Cyprus, Greece, Luxembourg, Bulgaria and the UK, and Fairfax, a Canadian-origin insurance and investment management group.
“LTIMindtree is proud to leverage its collaboration with Eurobank and Fairfax for the launch of the new Digital Innovation hub in Cyprus. This center will drive transformative growth for businesses across industries. Through this effort, we remain committed to offering innovation and cutting-edge customer experience to European enterprises,” said Srini Rao, Executive Vice President and Chief Business Officer for Europe at LTIMindtree.
Headquartered in India, LTIMindtree has more than 84,000 staff in more than 40 countries. The company is part of Larsen & Toubro, a multinational industrial conglomerate.
Nicodemos Damianou, Deputy Minister of Research, Innovation and Digital Policy of Cyprus, described the establishment of the new hub as a “strategic milestone” for the country’s knowledge economy.
“The hub places Cyprus at the forefront of cutting-edge developments in technology, artificial intelligence and digital enablement. More than just the creation of a new tech hub, this initiative signals Cyprus’s evolution into a regional force in advanced technologies and digital innovation and also reflects the strength and the potential of our partnerships with leading global technology players and thriving ecosystems like India’s.”
Sanjay Tugnait, President & CEO of Fairfax Digital Services (a Fairfax company) and Board Member of the Cyprus-India Business Association said: “This collaboration with the Government of Cyprus deepens the technology and trade partnership between Cyprus and India, building a bridge of innovation and shared prosperity.”
