HCL already services more than 25 large organizations in Middle East and this headquarter will become the hub for regional operations. HCL will offer services across a wide range of service lines including Product Engineering and R&D, Custom Applications, Enterprise Application Services, Infrastructure Management Services, and BPO.
Commenting on the occasion, Mr. Shiv Nadar, said "India and the Middle East have historically had strong ties and HCL is happy to take that relationship one step forward by extending this partnership to the technology realm. From designing the world.s first micro computer at the same time as global IT peers in 1978; to working on the Boeing Dreamliner's airborne systems today, HCL is a Pioneer of Modern Computing. We are happy to bring to our partners in the Middle East, HCL.s globally acknowledged transformational technology, which I believe will add great business value to the region. The Middle East, for us is a very interesting and high growth potential market and we continue to concentrate on it with a great deal of strategic intent and focus."
Congratulating HCL on this new development, Mr. Malek Sultan Al Malek, Executive Director, Dubai Internet City (DIC), said "HCL Technologies is a globally respected IT player with a very rich heritage. HCL.s decision to expand their business operations in Middle East will have a positive impact on the IT services industry in the region. We are confident that HCL.s expanded facilities at DIC will further enable them to leverage market opportunities through initiatives and programmes available at the technology business park. We look forward to supporting HCL to further enhance their growth in the region."
Speaking of the expansion plans, Mr. Virender Aggarwal, Sr. Vice President & Head of APAC-MEA Markets, HCL Technologies said "The opening of the Dubai office reflects the strategic importance of the Middle East market in HCL.s growth strategy and reiterates our commitment to the rapidly growing Middle East IT market. We are confident that this new office will go a long way in helping us extend our globally benchmarked transformational IT Services to corporation in Middle East. and help us tremendously by addressing issues which need local presence. We are committed to a long term investment in this region".
HCL Technologies has a rich heritage of delivering IT solutions across a cross-section of industries. It forayed in the Middle East in 2007 and in a very short span of time, the company has been able to structure strategic relationships with marquee customers and partners in the region.
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 55,688 transformers to create a real value for the customers. HCL Technologies, along with its subsidiaries, had consolidated revenues of US$ 2.5 billion (Rs. 11,833 crores), as on 31st December 2009 (on LTM basis). 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 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 62,000 professionals of diverse nationalities, who operate from 26 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
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. Other product or service names mentioned herein are the trademarks of their respective owners.
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