ANI PR Wire
04 May 2023, 16:45 GMT+10
Friedrichshafen, Munich [Germany], Novi (Michigan) [US], Pune (Maharashtra) [India], May 4 (ANI/BusinessWire India): KPIT Technologies (NSE: KPITTECH BSE: 542651), a leading independent software development and integration partner to the automotive and mobility industry, and ZF Group, a global technology company supplying systems for passenger cars, commercial vehicles, and industrial technology, agreed to promote an independent company named QORIX to develop and distribute open and scalable middleware products and solutions for the mobility ecosystem.
QORIX is currently a subsidiary of KPIT, fully focused on Middleware solution development. ZF shall invest 50 per cent towards equity in QORIX pending regulatory approvals. It will build on the expertise and relevant IPs of KPIT and ZF to develop open and scalable automotive middleware platforms and solutions for the mobility ecosystem. Hence, both partners will bring cash and assets/IP towards their contribution. This builds on sustained investment by KPIT and ZF in this area. Active engagement has already started with select OEM clients and other Tier 1s and technology companies.
This independent company will address the significant gap in the availability of a mature, modular, integrated middleware solution that allows mobility OEMs to manage the ever-increasing software complexity while retaining complete control of the architecture. The lack of such a solution can delay vehicle SOP and escalate technology spends.
Kishor Patil, CEO of KPIT Technologies, said,
"At this juncture, we feel the Mobility industry needs an independent Middleware solution, and there is a significant value in that. We are very excited to establish QORIX, which will benefit the industry at large. The middleware solution development from QORIX will draw upon KPIT's experience in several production programs, expertise in architecture consulting & software integration, and its strengths in cloud-based connected services."
Dr Dirk Walliser, SVP Research & Development of ZF Group, said,
"The combined portfolio of standardized vehicle base software from KPIT and ZF will be one of the world's leading offerings for the automotive industry. QORIX will be open to other technology companies and will be able to offer the non-competitive differentiating parts of the vehicle software independently of shareholders and with high economies of scale. ZF will thus focus its own offering more on differentiating software functions and develop integrated solutions from hardware and software vehicle systems for vehicle manufacturers."'
This story is provided by BusinessWire India. ANI will not be responsible in any way for the content of this article. (ANI/BusinessWire India)
Get a daily dose of Kolkata Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Kolkata Sun.
More InformationMADRID, Spain: Liverpool footballer Diogo Jota and his younger brother, André Silva, have died in a car accident in Spain. Spanish...
LONDON, U.K.: An unrelenting heatwave sweeping across Europe has pushed early summer temperatures to historic highs, triggering deadly...
President Donald Trump's plans to build a space-based Golden Dome missile defense shield have drawn immediate criticism from China,...
NEW YORK CITY, New York: Paramount has agreed to pay US$16 million to settle a lawsuit brought by U.S. President Donald Trump over...
LONDON, U.K.: British Prime Minister Keir Starmer won a vote in Parliament this week to move ahead with changes to the country's welfare...
WASHINGTON, D.C.: President Donald Trump will meet Israeli Prime Minister Benjamin Netanyahu at the White House on Monday. President...
WASHINGTON, D.C.: President Donald Trump says the United States could soon reach a trade deal with India. He believes this deal would...
DHARAMSHALA, India: The Dalai Lama is set to address a significant three-day conference of Buddhist leaders this week, coinciding with...
Birmingham [UK], July 6 (ANI): England batting coach Marcus Trescothick claimed that they are willing to play for a draw in the ongoing...
Birmingham [UK], July 6 (ANI): Indian bowling coach Morne Morkel hailed skipper Shubman Gill after a record-breaking outing at Birmingham,...
Buenos Aires [Argentina], July 6 (ANI): After concluding his visit to Argentina on Saturday, Prime Minister Narendra Modi departed...
Birmingham [UK], July 6 (ANI): Following Indian pacers' fine day during the second Test against England, bowling coach Morne Morkel...