For the third consecutive time, HCLTech has been positioned as an industry Leader in Everest Group’s Software Product Engineering Services PEAK Matrix™ Assessment 2021. HCLTech has further strengthened its leadership position as compared to previous assessment. For this study, Everest Group evaluated 31 leading service providers on two broad parameters – Vision & Capability (measures ability to deliver services successfully) and Market Impact (measures impact created in the market). HCLTech is positioned as a Leader on both parameters.
The report highlights
- HCLTech’s market-recognized ability to adapt to changing business environments with a dedicated focus on driving innovation and cost-saving initiatives for clients.
- HCLTech has created a strong growth momentum that is backed by consistent investments in capability enhancing acquisitions, IP development, next-gen technology, co-innovation partnerships, and infrastructure.
- HCLTech’s fast turnaround capabilities, strong technical expertise, and unmatched engagement flexibility, which transforms HCLTech into a strategic partner.
According to Akshat Vaid, Vice President, Everest Group, “HCLTech’s consistently good positioning in software product engineering, and more specifically its recent growth in the space, is attributable to multiple factors, including a client portfolio well spread across geographies and buyer sizes, investments in next-generation technologies, CoEs, lab infrastructure and solution accelerators, as well as multiple focused acquisitions. HCLTech stands out for its commitment towards driving business models innovation with 40% of its overall engagements executed on value based pricing. Moreover, HCLTech is also one of the only few services providers with a strategic focus on building a portfolio of IP through carve outs of its customers’ products and platform offerings. Customers acknowledge HCLTech’s technical expertise, a well-spread delivery footprint, as well as its ability to turnaround quickly during time-sensitive engagements.”
To know more, download this report.