India’s leading IT and Business solutions provider for the telecommunications industry, Tech Mahindra, has entered into a strategic partnership with US-based Veracode Inc., the world’s leader for on-demand application security testing solutions.

With this partnership, Tech Mahindra will develop a practice through which it will expand its service offerings beyond telecom, into enterprise market also, including banking and financial services, manufacturing, retail and online service provider organizations. Veracode will be a technology partner with Tech Mahindra and a joint application security portfolio will be developed to cater for the needs of the end customers.

Tech Mahindra will leverage Veracode’s on-demand SecurityReview service to enhance the company’s application security offering for both new and existing customers.

With SecurityReview, Tech Mahindra aims to broaden its portfolio of application security services by leveraging Veracode’s patented static binary testing technology and dynamic web scanning analysis to obtain a completely independent and fully automated assessment of the security of its client’s software applications.

Market analysts expect that this strategic partnership with Veracode will give Tech Mahindra access to a unique, on demand application security technology, which allows the company to further strengthen its application security capability as they expand into new market. The stock was trading strong today and crossed Rs 900 level at 3 pm.