Independent Research Firm Names HCL Technologies a Leader Among Global Product Engineering Testing Services
HCL Achieves One of the Highest Distinctions in the Leaders Quadrant
Sunnyvale, CA/Noida, September 28th, 2010 – HCL Technologies, one of the leading global IT services providers, today announced that the company was named a leader in the September 2010 report, IDC MarketScape Global Discrete and Embedded Product Engineering Testing Services Vendor Assessment. HCL was among a group of thirteen vendors that IDC evaluated based on current offerings, strategy and market presence. In addition, HCL was named a major player in the Enterprise Application Testing Services vendor assessment.
“With extensive domain-specific testing tools, automation frameworks and product life cycle expertise, HCL’s ERS team has extensive capabilities ranging across the telecom, semiconductor, aerospace, medical, and ISV domains,” commented Rona Shuchat, Program Director for AO Services, IDC. “HCL has the opportunity to bridge enterprise applications and the engineering space.”
According to the IDC report, “from a product engineering angle, HCL is viewed as a leader, with opportunities to cross-pollinate these skills and domain knowledge.” In addition, the report states that, “its (HCL’s) software and hardware verification and validation services are applied to testing integrated products in consumer electronics, medical devices, telecom OEM products, aeronautics, and automotive,”i
“We are proud of achieving one of the highest overall positions in the leader’s quadrant for embedded products engineering testing,” said G.H. Rao, Corporate Vice President and Head. “HCL is the first Indian company, and one of the few global corporations, to invest in Test & Certification CoE across several verticals. This is a testament to our strategy as a value creator in the space.”
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
HCL is a $5 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 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 71,000 professionals of diverse nationalities, who operate from 29 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..
For More Information, Contact:
Director of External Communications, HCL Americas
BluePoint Venture Marketing for HCL Technologies
iIDC MarketScape: Global Testing Services, 2010 Vendor Analysis, Doc.#223954, Jul 2010.