HCL | Pixr8 News

1Jul By PriyankaNo Comments

ACQUISITION

HCL Tech completes acquisition of IBM Products

HCL Technologies Monday said it has completed the planned acquisition of select IBM products for security, marketing, commerce, and digital solutions. Last year in December, HCL Technologies said it will acquire select IBM software products for USD 1.8 billion (over Rs 12,700 crore) in an all-cash deal. It's expected to close by mid-2019 after completion of applicable regulatory reviews. In a statement, HCL Technologies announced the close of the said acquisition. "As part of the deal's close, HCL takes full ownership of the research and development, sales, marketing, delivery, and support for AppScan, BigFix, Commerce, Connections, Digital Experience (Portal and Content Manager), Notes Domino, and Unica," the statement said. HCL also said it is formally introducing HCL Softwar...

HCL Technologies Selected by Cricket Australia as Digital Technology Partner

20Jun By AnkitaNo Comments

BUSINESS

HCL Technologies Selected by Cricket Australia as Digital Technology Partner

HCL, a leading global technology company, will help the Australian cricket’s governing body provide an elevated and immersive digital experience to cricket fans, players, partners, employees, and volunteers across the country and around the world, through CA’s digital offerings. HCL will implement its Scale Digital methodology to enable Cricket Australia to unite and inspire their cricket community through advanced digital platforms. Cricket Australia selected HCL Technologies following an extensive search for a trusted digital partner that has proven credentials in enabling digital transformation journey for leading global businesses, enhancing ecosystem orchestration, improving business agility and delivering unique experiences to all users and stakeholders. Cricket Australia CE...

HCL Collaborates with US-based Pivotal Software to Open Cloud Native Labs

2Nov By Gauri SinghNo Comments

BUSINESS

HCL Collaborates with US-based Pivotal Software to Open Cloud Native Labs

HCL Technologies has entered into a partnership with US-based Pivotal Software for the purpose of working on cloud-native software applications. The company is planning to open its own cloud-native labs across London, Dallas and Noida. With the help of this partnership, the companies could create advanced cloud-native applications for Pivotal Cloud Foundry (PCF), the cloud-native application platform. Such software applications are used in business process transformation. “HCL Technologies’ collaboration with Pivotal is significant as it enables the full spectrum of cloud-native services for our customers,” said Kalyan Kumar, CTO, HCL Tech. “Our range of cloud-native services to be offered on PCF, combined with HCL’s existing services, will allow us to execute complex application migra...

HCL to Set up New Global IT Centres & Create Over 5,000 Jobs

9Oct By Gauri SinghNo Comments

BUSINESS

HCL to Set up New Global IT Centres & Create Over 5,000 Jobs

The popular IT company HCL Technologies will reportedly set up a Global IT development centre at Gannavaram in Andhra Pradesh and this will create more than 5,000 jobs. The new centre is spread over 29.86 acres and is anticipated as part of Andhra Pradesh's drive to create a new IT hub. With this, the company will invest over Rs 700 crore to develop two facilities in the state, in phases over the next few years. As a part of the deal, a skill development centre with a 1,000-seat capacity will also be developed. "The creation of this Global Centre is aligned with our strategic vision to expand and create opportunities in the emerging cities. We are confident that HCL Global Centre in Vijayawada will be one of the best IT centres in the industry in the coming years," said Executive ...

HCL Technologies Excels Wipro, Becomes No. 3 IT Company

28Jul By AnkitaNo Comments

News

HCL Technologies Excels Wipro, Becomes No. 3 IT Company

HCL Technologies Ltd excels Wipro Ltd to become India’s third-biggest software services provider in the three months to 30 June, marking the first change in the pecking order of the country’s $167 billion IT outsourcing industry in six years. The revenue of Noida-based HCL Technologies rose 0.8% to $2.06 billion in the quarter from the compared to the preceding three months, and 8.5% in comparison to the same period in the year 2017. It is the second-best performance of the company among the top Indian IT companies. The net profit of the company has increased from 3.4% to $356 million as compared to the preceding quarter, and 5.7% compared to the same period of 2017. Bengaluru-based Wipro’s dollar revenue declined 1.7% sequentially to $2.03 billion in the first quarter. Wipro’s fu...

HCL Acquires German IT Major H&D International Group

27Jun By Lavina TolaniNo Comments

ACQUISITION

HCL Acquires German IT Major H&D International Group

IT Major, HCL Technologies has signed an agreement to acquire Germany based IT and engineering service provider H&D International Group to fuel its European expansion. In its official statement, HCL said, This landmark deal sees HCL attain significant in-country front office and delivery capabilities and will further enhance the company's domain expertise in the global automotive sector. Ashish Gupta, Corporate Vice President at HCL Technologies said, "Germany is a critical market for HCL as we continue to expand our business in Europe. We feel the German market is at an inflexion point and it is the right time for HCL to expand and make significant investments here." It is interesting to note that H&D is one of the leading IT majors in German automotive industry that operates...

HCL Tech inks a five year IT Infrastructure Deal with Nokia

22Jun By Lavina TolaniNo Comments

BUSINESS

HCL Tech inks a five year IT Infrastructure Deal with Nokia

HCL Technologies has partnered with Finish Telecom company Nokia in a five-year deal to modernise its IT infrastructure and application services. As a part of the deal, HCL will transition service from four incumbent vendors to establish an integrated IT service design and delivery framework while implementing a transition roadmap. For Nokia, the deal will help to improve operational efficiencies as announced in the press release. The official statement in the PR said, "Nokia has selected HCL Technologies as part of an important effort of streamlining Nokia's outsourced IT management services." Nokia Chief Operating Officer Joerg Erlemeier said, This is an important development for Nokia and takes our digital transformation efforts to a new level, both for how it will...

4Jan By NitishNo Comments

ACQUISITION

HCL Completes Acquisition of Butler America Aerospace

IT services major HCL Technologies today said it has completed its USD 85 million acquisition of Butler America Aerospace. The all-cash deal, announced in October last year, will strengthen HCL Technologies' position in the aerospace and defence engineering services space. "The acquisition has been completed with effect from January 3, 2017," HCL said in a filing to the BSE. Butler Aerospace provides engineering, design services and aftermarket engineering services to US aerospace and defence customers, serving them in areas of mechanical and structural design, electrical design, tool design and aftermarket engineering services. The acquisition excludes staffing business of Butler America Inc. Butler America Aerospace had revenues of USD 85.4 million for the year ended December 31...

Former HCL Tech CEO Sets up Rs 100-cr Fund For New Venture Techcelx

21Oct By Press Trust of IndiaNo Comments

FUNDING

Former HCL Tech CEO Sets up Rs 100-cr Fund For New Venture Techcelx

Following in the footsteps of many of his industry peers like Nandan Nilekani and Azim Premji, former HCL Technologies chief executive Anant Gupta has now set up a Rs 100-crore fund to support ventures developing cutting-edge technology products. Gupta, whose departure from HCL Technologies was announced today, has founded a new investment firm 'Techcelx' that will focus on developing next-gen digital technology products and platforms. "With Techcelx, I am pursuing my long-term goals and passion towards promoting our country's entrepreneurship and innovation potential in the technology space," Techcelx Founder Chairman and CEO Anant Gupta said. The Rs 100-crore fund will focus on ventures with specialisation in technologies like machine learning, IoT (Internet of Things), artifici...

Xiaomi Rolls Out First Laptop to Take on Lenovo, Apple

27Jul By Press Trust of IndiaNo Comments

Tech

Xiaomi Rolls Out First Laptop to Take on Lenovo, Apple

Chinese smartphone maker Xiaomi today rolled out its first laptop, testing the waters in a market that has been flooded with premium tablets. The laptop Mi Notebook Air, runs on Microsofts Windows 10 operating system, sells for 4,999 yuan (around USD 749) for a 13.3-inch display. A slimmed-down version for office use is also available for 3,499 yuan. The laptop is priced at a discount compared to many models with similar specifications from leading brands such as Lenovo, Dell, HP and Apple. It is the Beijing-based firms latest attempt to press ahead with its strategy of releasing top-spec devices at low prices. "Xiaomi will continue to roll out budget devices with key components in the same league as those on premium devices," Xiaomi co-founder Lei Jun said during product la...

HCL Technologies Acquires CRM Services Provider PowerObjects

30Oct By No Comments

ACQUISITION

HCL Technologies Acquires CRM Services Provider PowerObjects

HCL Technologies, a leading global IT services provider, announced today that it has acquired Minneapolis-based PowerObjects - a leading North American provider of Microsoft Dynamics CRM. This will bolster HCL's global applications business, which offers transformational programs and complex application management for a myriad of clients' technology landscapes. PowerObjects is a professional services firm completely focused on providing service, support, education and add-ons for Microsoft Dynamics CRM. The company has won Microsoft's prestigious 'Partner of the Year' award three of the last four years and is one of Microsoft's leading partners for Dynamics CRM. This acquisition enables HCL to take advantage of the rapidly-growing global CRM industry, as Microsoft Dynamics is one of ...