HCL rated a leader in inaugural global iot services evaluation for connected business operations | HCLTech
Press Release

HCL rated a leader in inaugural global iot services evaluation for connected business operations

Published Date
5 min. read
Published Date
5 min. read

Noida, India- June 12, 2019 - HCL Technologies (HCL), a leading global technology company, has been rated a ‘Leader’ by Forrester in their inaugural “The Forrester Wave™: Global IoT Services For Connected Business Operations, Q4 2018”. In this first report by Forrester on assessment of the state of global IoT Services for connected business operations, HCL is cited as one of the five leaders from among 14 players evaluated.

With this ranking, HCL has now been rated a leader in all the IoT assessments done by leading analyst firms globally like IDC, Everest, Zinnov, ISG and HFS.

“We believe our recognition as a leader by Forrester in their debut report on IoT Services for Connected Business Operations is a testimony of how we are delivering measurable outcomes for our customers through creation of more efficient processes, new revenue streams and IoT enabled business models. HCL's well rounded IoT-led transformation strategy, industry specific customer centric problem-solving approach in our IoT COLLABTM at Seattle and Noida have been instrumental in helping our customers maximize the ROI, effectiveness and efficiency of their Internet of Things (IoT) enabled transformational initiatives”, said Sukamal Banerjee, Corporate Vice President - ERS Sales (Hi Tech & Comm) & Head - IoT WoRKSTM, HCL Technologies.

According to the Forrester report, “HCL is a strong fit for IoT opportunities that require strong platform engineering capabilities. If a customer is seeking a supplier capable of an ongoing operational relationship, HCL is an appropriate choice”

HCL Technologies market focus on supporting customers’ product development, R&D, and engineering efforts has been the wellspring of the company’s approach to IoT opportunities; it is now expanding to encompass additional opportunities in connected processes. Its business unit IoT WorKsTM offers a family of enabling software products, although the company also supports a broad array of IoT platform alternatives.

About HCL Technologies

HCL Technologies (HCL) is a leading global technology company that helps global enterprises re–imagine and transform their businesses through Digital technology transformation. HCL operates out of 44 countries and has consolidated revenues of US$ 8.6 billion, for financial year ended 31st March, 2019. 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 DRYiCE™ 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 strategy is ecosystem–driven, creating innovative IP–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 137,965 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

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-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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HCL Technologies

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Elka Ghudial, Europe


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