IDC MarketScape Names HCL as a Leader for Worldwide Application Modernization Services for Oracle Upgrades
Noida, India – 29th March 2016: HCL Technologies (HCL), a leading global IT services company, has been recognized as a Leader for Worldwide Application Modernization Services for Oracle Upgrades by IDC in its recently published report, “IDC MarketScape: Worldwide Application Modernization Services for Oracle Upgrades 2016 Vendor Assessment”.
Using the IDC MarketScape model, IDC compared 11 service providers that supply Oracle upgrade services to enterprises running Oracle applications. Utilizing more than 80 criteria as well as combining feedback from multiple customer interviews, IDC found that providers in this evaluation bring a variety of capabilities for modernizing Oracle applications.
According to the IDC MarketScape report “Digital transformation is becoming a corporate imperative, and application modernization has emerged as a conduit to unlocking the value of digital. HCL's capabilities and forward-looking strategy positioned the service provider as a Leader in IDC MarketScape for application modernization services for Oracle upgrades. HCL has provided upgrade services to a range of industries, with a particular focus on banking/financial services/insurance (BFSI), manufacturing, and consumer packaged goods as well as media entertainment and travel and logistics.”
Ajit Kumar, President – Application Services and Systems Integration, HCL Technologies said, “HCL is a global leader in delivering end–to–end Oracle transformation and managed services to enterprises across all industries. Today, HCL is a Worldwide Oracle Platinum Partner and this recognition underscores the strengths of our strategy, our end–to–end offerings in delivering application modernization, upgrades and business transformation, as 21st Century Enterprises undertake their digitalization journey.”
HCL’s approach to Application Modernization focuses on large end–to–end technology and business transformation initiatives, rather than just modernizing, modifying or migrating applications. HCL operates through an ecosystem of technology partners, providing flexibility and transparency in services pricing, leveraging cloud ready architectures, agile methodologies and automation for delivering transformational modernization programs.
About IDC MarketScape
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor's position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360 degree assessment of the strengths and weaknesses of current and prospective vendors.
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 32 countries and has consolidated revenues of US$ 6.1 billion, as on 31st December 2015 (on Calendar Year 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 103,696 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
HCL 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.
Sumit Ranjan Aggarwal