IBM today announced that it has signed a strategic teaming agreement with Tech Mahindra, a specialist in digital transformation, consulting and business re-engineering with USD 3.5 billion in revenue and over 670 clients across 51 countries.

IBM will work with Tech Mahindra to build a platform for the development of cloud-based apps for its clients on Bluemix Dedicated, a single-tenant version of Bluemix.

"Many of our clients are increasingly looking to tap into the power of the cloud for its benefits in fostering greater efficiency, innovation, speed and collaboration," said Raju Wadalkar, chief technology officer, Tech Mahindra.

"However, a large number of these companies are taking cautious steps towards cloud adoption due to performance, security, data sovereignty and other concerns the hybrid approach of IBM Cloud and Bluemix will help us to bridge this gap, giving our clients greater flexibility and control of their data as they design and adopt cloud strategies."

Shares of Tech Mahindra gained Rs 16.95, or 0.61%, to trade at Rs 2,798.15. The total volume of shares traded was 23,712 at the BSE (12.56 p.m., Tuesday).