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HCL Celebrates Their Growth In The First Year Of Operations In Brazil During IT Forum

Published Date: 
Apr 23, 2010
São Paulo, April 23, 2010 HCL Technologies Ltd. (HCL), a leading global IT services provider, celebrates the achievements of its first year of operations in Brazil. HCL’s Brazilian subsidiary expects to mirror HCL’s industry leading growth in other parts of the World through organic growth, acquisitions and expansion of operations in Latin America, which have already begun in Mexico and Argentina. HCL’s Latin American expansion is expected to play a strategic role for the global growth of HCL.

HCL Further Expands Latin American Operations In Brazil, Mexico and Argentina With More Planned By 2013

São Paulo, April 23, 2010 - HCL Technologies Ltd. (HCL), a leading global IT services provider, celebrates the achievements of its first year of operations in Brazil. HCL's Brazilian subsidiary expects to mirror HCL's industry leading growth in other parts of the World through organic growth, acquisitions and expansion of operations in Latin America, which have already begun in Mexico and Argentina. HCL's Latin American expansion is expected to play a strategic role for the global growth of HCL.

Currently, HCL has facilities in Sao Paulo, Rio and Sao Leopoldo, Brazil; Buenos Aires, Argentina, and Mexico City, Mexico. These facilities are staffed with more than 150 employees and growing. In the short term, the company's goals are to gradually increase the service portfolio, with the launch of infrastructure services in Brazil planned in mid May. This will be followed by HCL Axon's leading SAP solutions in the second quarter to address the large SAP Customer base in Brazil and creation of a center of excellence for retail sector specific solutions, such as Retek, to expand HCL's increasing retail customer base in Brazil. HCL already counts a large number of multi-national customers in Brazil among its infrastructure and application development services customers and is planning to strengthen the line of infrastructure management services as well as doubling its capacity for these service lines in the existing delivery center in São Leopoldo (RS).

The company has also been working on the strengthening of its commercial and executive teams as a part of its expansion plans. The company has just hired Silvio Passos, Stefanini's former Vice President, to be HCL's Operations and Delivery General Manager as well as a number of leading executives in the commercial arena to reinforce its team in Brazil and the Latin American region overall. "I am happy to join HCL in its expansion journey in Brazil, leading its operations and delivery areas. I am looking forward to bringing the best practices from HCL globally to add value to our Brazilian customers," said Silvio Passos, delivery general manager, HCL Brazil. Silvio will be based out of Sao Leopoldo where he will be leading the HCL Brazil delivery centers in São Leopoldo (RS) and Sao Paulo.

Throughout 2009, the company signed contracts with more than 8 clients, three of them are global contracts and the remaining are local contracts. HCL also established a delivery center in São Leopoldo (RS), expanded its office in Sao Paulo and is extending its Global Partnerships such as Oracle, EMC, BMC etc. in the region.

"As one of the first customers of HCL Brazil, it has been a pleasure to build this partnership locally. Today we can say Lojas Renner is benefiting from both the global scale of HCL and the energy and fast growth of HCL Brazil. We strongly believe HCL Brazil has all the conditions to become one of the main centers of HCL worldwide," said Leandro Balbinot, director of IT and processes, Lojas Renner.

HCL is participating in the leading IT event in Brazil IT Forum and will be showcasing its solutions and services roadmap for the Brazilian market in this event attended by the key IT executives in Brazil.

About HCL
HCL is a $5 billion leading global Engineering and IT Enterprise that comprises two companies listed in India - HCL Technologies HCL Infosystems. Founded in 1976, HCL is one of India's original IT garage start-ups, a pioneer of modern computing, and a global transformational enterprise today. Its range of offerings spans Product Engineering, Custom Package Applications, BPO, IT Infrastructure Services, IT Hardware, Systems Integration, and distribution of ICT products across a wide range of focused industry verticals. The HCL team comprises over 62,000 professionals of diverse nationalities, who operate from 26 countries including over 500 points of presence in India. HCL has global partnerships with several leading Fortune 1000 firms, including leading IT and Technology firms. For more information, please visit www.hcl.com

About HCL Technologies
HCL Technologies is a leading global IT services company, working with clients in the areas that impact and redefine the core of their businesses. Since its inception into the global landscape after its IPO in 1999, HCL focuses on 'transformational outsourcing,' underlined by innovation and value creation, and offers integrated portfolio of services including software-led IT solutions, remote infrastructure management, engineering and RD services and BPO. HCL leverages its extensive global offshore infrastructure and network of offices in 26 countries to provide holistic, multi-service delivery in key industry verticals including Financial Services, Manufacturing, Consumer Services, Public Services and Healthcare. HCL takes pride in its philosophy of 'Employee First' which empowers our 58,129 transformers to create a real value for the customers. HCL Technologies, along with its subsidiaries, had consolidated revenues of US$ 2.6 billion (Rs. 12,048 crores), as on 31st March 2010 (on LTM basis). For more information, please visit www.hcltech.com

Forward-looking Statements
Certain statements in this release are forward-looking statements, which involve a number of risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from those in such forward-looking statements. All statements, other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to the statements containing the words 'planned,' 'expects,' 'believes,' 'strategy,' 'opportunity,' 'anticipates,' 'hopes' or other similar words. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding impact of pending regulatory proceedings, fluctuations in earnings, our ability to manage growth, intense competition in IT services, Business Process Outsourcing and consulting services including those factors which may affect our cost advantage, wage increases in India, customer acceptances of our services, products and fee structures, our ability to attract and retain highly skilled professionals, our ability to integrate acquired assets in a cost effective and timely manner, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, the success of our brand development efforts, liability for damages on our service contracts, the success of the companies /entities in which we have made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property, other risks, uncertainties and general economic conditions affecting our industry. There can be no assurance that the forward-looking statements made herein will prove to be accurate, and issuance of such forward-looking statements should not be regarded as a representation by the Company, or any other person, that the objective and plans of the Company will be achieved. All forward-looking statements made herein are based on information presently available to the management of the Company and the Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.

For details, contact:

Kirsten Paragona
Phone: 857-350-5393
Email: kparagona@hcl.com

Jill Newberry/Tim Hurley
BluePoint Marketing for HCL
Phone: 781-861-7800
Email:jnewberry@bluepointmktg.com, thurley@bluepointmktg.com

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