Shares of Tata Elxsi Ltd were trading 2% higher on 14 June after the company announced its collaboration with Red Hat, the world’s leading provider of open-source solutions, to monetise applications and reduce operational expenditure by simplifying operations in 5G networks for telcos and enterprises.

The two companies will collaborate on a 5G connected car using Red Hat In-Vehicle OS and Tata Elxsi CVP platform TETHER to create moving applications in a 5G multi-cloud environment for MVNOs (mobile virtual network operators) and telcos. 

In its filing, the company said, “The partnership aims to leverage OpenShift, Red Hat’s container platform, as a common and uniform container-as-a-service (CaaS) layer across multi-cloud environments and Neuron as Tata Elxsi Multi-layer Automation Platform enabling seamless cloud automation, 5G Application placement and modernisation.”

Tata Elxsi is a technology services and design company that provides design-led digital engineering, testing, technology development, and system integration services. 

Neuron, its solution, streamlines the lifecycle management of network elements, provides end-to-end orchestration for network deployments, uses AI-powered observability for proactive monitoring, and automates tasks to ensure streamlined and secure network operations.

At 3:30 pm, the shares of Tata Elxsi closed 0.54% higher at Rs 7,270 on NSE.