Lippo and HCL Sign Landmark Memorandum of Understanding In presence of Indonesian President
Target IT Outsourcing Projects in Indonesia
NOIDA/ India / Jakarta, 27th January, 2011 – The Lippo Group, one of Indonesia's largest conglomerates, through its subsidiary PT Multipolar Technology, signed a Memorandum of Understanding (MoU) with HCL Technologies Ltd in the presence of visiting Indonesian President Susilo Bambang Yudhoyono to offer IT Outsourcing in Southeast Asia's largest country.
Lippo’s subsidiary PT Multipolar Technology signed the MoU at the Indonesia Business Forum in New Delhi during a state visit by President Susilo at a time of increasing bilateral economic relations, with IT outsourcing as a major strategic thrust by the two countries.
Working with HCL Technologies, a leading global technology and IT enterprise, Multipolar Technology targets to secure IT Outsourcing projects in banking, telecommunications and other sectors this year.
The signing was witnessed by about 80 Indonesian and 500 Indian business leaders attending the landmark business forum which signifies the seriousness of both governments to execute bilateral cooperation and investment.
Theo L. Sambuaga, President of Lippo Group, said, "India is one of the biggest global players in the software and IT Outsourcing. We hope this partnership will enhance Indonesia's development in the world of technology and infrastructure, strengthen the country’s competitive edge, and enhance the economic cooperation between India and Indonesia. The signing of a MoU is a continuation of the cooperation agreement that was signed in Jakarta last October 2010", said Harijono Suwarno, President Director of Multipolar Technology. "This development provides great momentum to develop the Services IT Outsourcing in Indonesia", he added.
Rajiv Sodhi, Sr. CVP & Chief Customer Officer – Consumer Services, Manufacturing & Healthcare said, “This MoU marks the continuation of our successful relationship with the Lippo Group. ‘Glocalization’ as a strategy has been very successful for HCL Technologies in the Asia Pacific Region, which is one of the fastest growing regions for us and one of the growth levers for HCL. This relationship brings the best of the local knowledge and global knowhow”.
About Multipolar Technology
Multipolar Technology is a total IT solutions provider with proven track record for more than 35 years in banking and financial industries, telecommunications, government and healthcare sectors. Multipolar Technology is a recognized partner of global technology companies such as Cisco, IBM, Microsoft, Oracle and NCR, and has obtained ISO 9001:2008 certifications for hardware, software and professional services. Multipolar Technology helps businesses in their IT activities, enable healthcare information services for hospitals, implement e-learning solutions to educational institutions, enable banks to provide 24x7 service, support communication solutions for telecommunication operators, provide advice to government institutions on collaborative e-Government services, provide business intelligence solutions for manufacturers, retailers and services company, as well as implement unified service provisioning for property developers. For more information please visit www.multipolar.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 R&D 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 72,267 transformers to create a real value for the customers. HCL Technologies, along with its subsidiaries, had consolidated revenues of US$ 3.1 billion (Rs. 14,101 crores), as on 31st December 2010 (on LTM basis). For more information, please visit www.hcltech.com
HCL is a $5.5 billion leading global technology and IT enterprise comprising two companies listed in India - HCL Technologies and HCL Infosystems. Founded in 1976, HCL is one of India's original IT garage start-ups. A pioneer of modern computing, HCL is a global transformational enterprise today. Its range of offerings includes product engineering, custom & package applications, BPO, IT infrastructure services, IT hardware, systems integration, and distribution of information and communications technology (ICT) products across a wide range of focused industry verticals. The HCL team consists of over 77,000 professionals of diverse nationalities, who operate from 29 countries including over 500 points of presence in India. HCL has partnerships with several leading Global 1000 firms, including leading IT and technology firms. For more information, please visit www.hcl.com
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.
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