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HCL Awarded Application Development and Maintenance Services Contract by Deutsche Bank

Published Date: 
Nov 17, 2015
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London, UK, Noida, India November 17, 2015: HCL Technologies (HCL), a leading global IT services provider today announced that it has signed an Application Development and Maintenance contract with Deutsche Bank. Under the terms of agreement, HCL will provide digital solutions, systems integration, product implementation and design, build and test new applications in addition to the ongoing application maintenance and support services.
HCL will manage and enhance some of the existing application suites, including corporate banking and securities, global transaction banking, asset and wealth management, and risk, finance and back-office operations across Deutsche Bank group. The program is part of a broader strategic initiative by Deutsche Bank. HCL is an innovation partner for the company’s digital strategy which aims to enhance customer experience by bringing innovation to its products, services and operations.
“In today’s challenging business environment, IT applications - especially governance, risk and compliance applications - need to be highly reliable, scalable, and continuously optimized in order to deliver world-class experience to our customers,” said Kim Hammonds, Group CIO, Deutsche Bank. “HCL is a long-standing partner, and we believe HCL’s applications development and maintenance expertise and deep industry knowledge will create significant business impact for us.”
“We are pleased to have been selected by Deutsche Bank and we look forward to helping them create a high performance banking application portfolio to support their key programmes over the coming years,” said Parag Samarth, Corporate Vice President – Financial Services,  HCL Technologies. “Innovative companies realize unique value by creating an agile IT function that drives innovation and growth, adapting their application landscapes to rapidly changing business environments.”
HCL provides a comprehensive range of custom application development services that enable enterprises to exploit the power of custom applications to support new capabilities and enhance their customer and partner experience. HCL brings over 35 years of experience in managing complex IT application and infrastructure environments, offering a full set of Application Support and Maintenance solutions. HCL provides forward-thinking organizations with transformational solutions that meet their individual business requirements.

About HCL Technologies 

HCL Technologies is a leading global IT services company working with clients in areas that impact and redefine the core of their businesses. Since its emergence on global landscape after its IPO in 1999 and listing in 2000, HCL Technologies, along with its subsidiaries, today operates out of 31 countries and has consolidated revenues of US$ 6.1 billion, as on 30th September 2015 (on LTM basis). HCL focuses on 'transformational outsourcing', underlined by innovation and value creation, offering an integrated portfolio of services including Enterprise Digitalization, Internet of Things, Engineering Services Outsourcing and Next Generation IT Outsourcing that focuses on transformation-led infrastructure services, applications services and business services. HCL leverages its extensive global delivery capabilities and integrated innovation labs across the world to provide holistic, multi-service delivery in key industry verticals including Financial Services, Manufacturing, Telecommunications, Media, Publishing & Entertainment, Retail & CPG, Life sciences & Healthcare, Oil & Gas, Energy & Utilities, Travel, Transportation & Logistics and Government. With 105,000+ professionals from diverse nationalities, HCL Technologies focuses on creating real value for customers by taking ‘Relationships Beyond the Contract’. 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-timeframe 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 more Information, please contact:

Ajay Davessar
Corporate Communications
+91 120 4069000

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Corporate Communication Contacts

Global Head - External Communications

Ajay Davessar
HCL Technologies Ltd.
Tel: +91-120-438 2800/ 244 1259
Email: Ajay.Davessar@hcl.com

US Contact:

Meenakshi Benjwal
Email: meenakshi.benjwal@hcl.com

Europe Contact:

Elka Ghudial
HCL Technologies Ltd.
Tel: +44 7973 567 131
Email: elka.ghudial@hcl.com

APAC & Asia Contact:

Samrat Banerjee
HCL Technologies
Tel.: +61 2 8081 5852
Mobile: +61 478 685 376
Email: samrat.banerjee@hcl.com

Corporate & India Contact:

Zulfia Nafees
HCL Technologies
Tel (Direct): +91-120-4382800
Mob: +91-9810495138
Email: zulfian@hcl.com