HCL Announces Strategic Partnership with Banking Solutions Provider Alpha Insight
Noida, India and London, UK – September 06, 2017 – HCL Technologies (HCL), a leading global IT services company, today announced a new strategic partnership with Alpha Insight, an intelligent products and solutions company headquartered in London, UK, with industry leading expertise in Business Flow Monitoring and Operational Intelligence.
The transaction, which includes purchase of select assets, bolsters HCL’s DRYiCE™ Platform and its positioning as an Enterprise A.I Foundation. Integration of Alpha Insight’s iControl product into the DRYiCETM suite of products, provides deep visibility into end–to–end horizontal business flows and robust operational intelligence to Digital Enterprises.
Kalyan Kumar – Chief Technology Officer – IT Services, HCL Technologies said: “HCL’s vision is to provide best–in–class A.I solutions for enterprises looking to reimagine themselves on the foundation of A.I technology. We welcome Alpha Insight and iControl into the fast growing DRYiCE Product family and are excited about the new process transformation solutions that this partnership enables.”
Shakir Ladak – Chief Technology Officer and Founder, Alpha Insight said: "We are tremendously excited by this agreement which allows us to benefit from HCL's expertise and client coverage, whilst fulfilling our vision to further expand iControl as a strategic operational intelligence platform."
Alpha Insight, founded in 2013, specializes in Business Flow Monitoring and Operational Intelligence with the primary focus on the financial services sector. The company’s existing industry expertise in financial services processes will now be expanded to other major industries such as retail, manufacturing, utilities and lifesciences, among others.
About HCL Technologies
HCL Technologies (HCL) is a leading global IT services company that helps global enterprises re–imagine and transform their businesses through Digital technology transformation. HCL operates out of 32 countries and has consolidated revenues of US$ 7.2 billion, for 12 Months ended 30th June, 2017. HCL focuses on providing an integrated portfolio of services underlined by its Mode 1–2–3 growth strategy. Mode 1 encompasses the core services in the areas of Applications, Infrastructure, BPO and Engineering & R&D services, leveraging DRYiCETM Autonomics to transform clients' business and IT landscape, making them 'lean' and 'agile'. Mode 2 focuses on experience–centric and outcome–oriented integrated offerings of Digital & Analytics, IoT WoRKS™, Cloud Native Services and Cybersecurity & GRC services to drive business outcomes and enable enterprise digitalization. Mode 3 focuses on internal IP creation as well as innovative IP–based partnerships to build products and platforms business.
HCL leverages its global network of integrated co-innovation labs and global delivery capabilities 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 117,781 professionals from diverse nationalities, HCL focuses on creating real value for customers by taking 'Relationships Beyond the Contract'. For more information, please visit www.hcltech.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-timeframe 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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