Prior to his appointment at HCL AXON, Jonathan worked at SAP for nearly eight years, where he supported and led various activities across the full spectrum of development, sales, delivery and support for the insurance solutions in Europe and the Americas, most recently as a Director in the Insurance Industry Business Unit, responsible for the Insurance Analytics portfolio based on the SAP Business Objects platform. Prior to SAP, Jonathan co-founded Suretec, an insurance software and services company in Germany, after holding the role of Director of Development for PMSC's Central European subsidiary.

 

“The invaluable experience and expertise that Jon brings to HCL AXON will help us to significantly expand our global insurance practice and build on the excellent foundations already created. Jon's vision, passion for excellence and focus on customer success are closely aligned to HCL AXON's goals and will drive the achievement of our 2010-2012 strategy in this area of our business,” remarked Ian Greenhalgh, Global EVP of Business Development. 

 

Regarding his new role, Jonathan stated, “I am thrilled to be joining HCL AXON and ready to use my experience and expertise to help grow their insurance industry practice. HCL AXON's value proposition, coupled with a solid track record of delivery excellence has truly gained industry attention and I am very excited to be here to help HCL AXON expands its leadership role within the SAP Ecosystem around the world.”

 

This announcement comes on the heels of HCL's recently announced, $200M agreement with UK-based insurance firm Equitable Life Assurance Society. This is HCL's first major financial services win since the acquisition of Liberata Financial Services in 2008. The agreement reinforces HCL's position as an established and experienced provider of strategic life and pensions outsourcing solutions. Also, HCL made an entrée into the FinTech 25 ranking of the top global technology providers to the financial services industry for the first time. Developed by SourceMedia publications, American Banker and Bank Technology News and in association with IDC Financial Insights, the list recognizes the top global technology and service providers in the financial services market. The ranking is categorized and evaluated based on CY08 yearend revenues and the percentage of revenues attributed to financial services.
  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.