HCL Technologies (HCL), a leading global technology company, today announced that it will open a Global Delivery Center (GDC) in Hartford, Connecticut to offer digital transformation services to clients in the smart manufacturing, insurance, aerospace, and defense industries. With the GDC, HCL will invest in the area and create local jobs with the help of a strong ecosystem regionally and at the state level.
The first anchor client for the GDC will be Stanley Black & Decker (NYSE: SWK), a diversified global industrial that operates the world's largest tool company, which signed a significant global agreement with HCL. The company will bring advanced digital capabilities and help transform Stanley Black & Decker's global application and infrastructure environments to enhance the company's agility and ability to respond to emerging business needs. As part of the deal, HCL will ramp up to deploy 1,000 people globally for Stanley Black & Decker.
"We are excited to begin this partnership with Stanley Black & Decker, and this delivery center will be a true testament to our collective vision for digital and transformative technologies for smart manufacturing," said Ajay Bahl, Executive Vice President for MEGALT Verticals in US for HCL Technologies. "This growth is possible based on our partnerships, relationships with local and state governments, commitment to the local ecosystem, and the recently signed deal with Stanley Black & Decker."
"Partnering with HCL is an important component of our strategy to digitally transform our organization and drive resiliency and efficiency across the business," said Don Allan, EVP and Chief Financial Officer at Stanley Black & Decker. "We are also pleased that they will be locating a global delivery center in Hartford, which will continue to add to the city's presence as a significant digital and technology innovation hub."
"Stanley Black & Decker and HCL are two companies with a deep history in Connecticut, and we are pleased to see this partnership between them as well as their commitment to job creation and growth in the state," said Ned Lamont, Governor of the State of Connecticut.
Luke Bronin, Mayor of the City of Hartford, said, "HCL's arrival is another major step forward in Hartford's rapid growth as a center of innovation that attracts global technology leaders."
"We are happy to establish this relationship with Stanley Black & Decker and to assist in their global plans and bold vision," continued Bahl. "We have the perspective and experience in the manufacturing industry, as well as the knowledge of emerging technologies, that will help in this journey."
Shares of HCL TECHNOLOGIES LTD. was last trading in BSE at Rs.609 as compared to the previous close of Rs. 613.4. The total number of shares traded during the day was 381914 in over 1688 trades.
The stock hit an intraday high of Rs. 615.65 and intraday low of 605. The net turnover during the day was Rs. 232205232.