NOIDA, India, August 25, 2010 - HCL Technologies Ltd. (HCL), a leading global IT services provider, today announced that it has become a member of Texas Instruments (TI) Elite Design House program, a premier group of independent, well-established companies that offer system-level design services. HCL will leverage this partnership in building product components and solution accelerators for three major segments - Aerospace, Medical Electronics and Consumer Electronics with a specific focus on medical imaging, wireless communication and analog system applications.
HCL’s Engineering Services Practice will build upon its existing product engineering strength and create enhanced value for clients with faster time to market advantage on new TI products. The prestigious system engineering programme enables customers to leverage products and services from both HCL and TI. This engagement also allows HCL to focus on delivering reference products based on TI product families for specific markets.
“By joining this prestigious network of innovative companies and designing embedded devices with TI products and solutions, we are enabling our customers to leverage the best of both TI’s and HCL’s products and designs,” says Sandeep Kishore, Executive Vice President and Global Head, Sales & Practice, Engineering and R&D services at HCL Technologies. “HCL has been working very closely with TI over the last few years to address our customer requirements in development of complex engineering solutions. We have used TI’s broad portfolio of embedded solutions, including OMAP, DSPs, microcontrollers and analog, to build products in aviation and aerospace, multimedia and consumer electronics, medical electronics, computing, wireline and wireless communication equipment’s.”
Steve Parks, Vice President, Worldwide Marketing - Analog, Texas Instruments added:“HCL has a proven history of solving customer problems with innovative, high-quality engineering solutions . This collaboration will not only allow our customers to leverage our collective strengths, but also enable us to foster closer relationships with key design communities to ultimately help fuel their innovative design ideas with leading-edge embedded solutions.”
“Texas Instruments and HCL have worked closely in the past and collectively come up with innovative solutions," said Arun Jain, Director, Sales and Marketing, Texas Instruments India. “This initiative is another step to strengthen our relations. We are extremely excited for the opportunities this collaboration affords.”
Recognized by industry analysts and others for its leadership in the engineering services market, HCL Engineering Services practice has emerged as a leading engineering services vendor in the U.S. and Europe. HCL’s commitment to addressing engineering and operational challenges enables the company to address each customer’s specialized pain points and provide individualized solution.
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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 64,557 transformers to create a real value for the customers. HCL Technologies, along with its subsidiaries, had consolidated revenues of US$ 2.7 billion (Rs. 12,565 crores), for the year ended as on 30th June 2010. For more information, please visit www.hcltech.com
About HCL Enterprise
HCL is a $5 billion leading global Technology and IT Enterprise that comprises two companies listed in India - HCL Technologies & HCL Infosystems. Founded in 1976, HCL is one of India's original IT garage start-ups, a pioneer of modern computing, and a global transformational enterprise today. Its range of offerings spans Product Engineering, Custom & Package Applications, BPO, IT Infrastructure Services, IT Hardware, Systems Integration, and distribution of ICT products across a wide range of focused industry verticals. The HCL team comprises over 64,000 professionals of diverse nationalities, who operate from 26 countries including over 500 points of presence in India. HCL has global partnerships with several leading Fortune 1000 firms, including leading IT and Technology firms. For more information, please visit www.hcl.com
About Texas Instruments Elite Design House Network
The TI Elite Design House Network is a premier group of independent, well-established companies that offer system-level design services and products for the industrial, consumer, medical, aerospace / military, telecommunications, computing, and other markets. Network members may provide design feasibility, research, complete system/product design, hardware/software system integration, prototyping, manufacturing and product life-cycle management services to a worldwide customer base to accelerate product innovation and time to market. www.ti.com/tidevnetwork
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.
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