Dex One and HCL Technologies to Optimize Digital Platform Development
Partnership Will Accelerate Digital Solutions for Customers and Reduce Costs
CARY, N.C., June 2, 2011 – Dex One Corporation (NYSE: DEXO), a leading marketing solutions provider, today announced plans to energize its digital operations and optimize the development of digital solutions by partnering with HCL Technologies, a leading global information technology (IT) service provider. The initiative is part of Dex One's strategic plan to accelerate delivery of new digital offerings while reducing operational costs.
Dex One will add significant technical expertise and capacity to its product engineering and development teams. The company will strengthen its IT footprint, IT help desk support and quality assurance, and will increase flexibility for future IT growth across mobile and online platforms, including iOS, Android development, cloud-based device testing, Web 2.0 and data warehousing and business intelligence. Dex One and HCL will also develop and integrate new mobile, video and social media channels to further enhance marketing strategies for local businesses.
“By selecting HCL Technologies, we gain solid engineering expertise that complements our Santa Monica, Calif. and Denver digital product development teams. This powerful combination of people and processes will reduce development cycle times and accelerate delivery of new digital solutions to our customers,” said Atish Banerjea, Dex One senior vice president and chief technology officer. “Beyond the operational benefits, this partnership reduces our costs and is part of the company's larger effort to record $140 million in cost savings in 2011.”
“Our engagement with Dex One is a strategic opportunity for us to work collaboratively with Dex One's product engineering and IT teams, leveraging our world-class media, publishing and entertainment expertise to jointly create Dex One's next generation digital products and services in social networking and collaboration space,” said Karan Puri, Executive Vice President, Consumer Services for HCL Technologies.
Dex One will realign its IT operations to integrate and partner with HCL for a number of IT services, which will be supported by HCL locations in Cary, N.C. and India.
About Dex One Corporation
Dex One Corporation (NYSE: DEXO) is a leading marketing solutions provider helping local businesses and their customers connect wherever and whenever they choose to search. Building on its heritage of delivering print-based solutions, the company provides integrated products and services to help its clients establish their digital presence and generate leads. Dex One's locally based marketing experts offer a broad network of local marketing solutions including online, mobile and print search solutions, such as DexKnows.com. For more information, please visit www.DexOne.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 73,420 transformers to create a real value for the customers. HCL Technologies, along with its subsidiaries, had consolidated revenues of US$ 3.3 billion (Rs. 15,160 crores), as on 31 March 2011 (on LTM basis). For more information, please visit www.hcltech.com
HCL is a $5.9 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 80,000 professionals of diverse nationalities, who operate from 31 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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