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HCL Technologies brings product engineering expertise to Texas Instruments Elite Design House Network

Posted On: 2010-08-25 06:37:44

HCL Technologies Ltd. (HCL), a leading global IT services provider, today announced that it has become a member of Texas Instruments (TI) Elite Design House program, a premier group of independent, well-established companies that offer system-level design services. HCL will leverage this partnership in building product components and solution accelerators for three major segments - Aerospace, Medical Electronics and Consumer Electronics with a specific focus on medical imaging, wireless communication and analog system applications.

HCL's Engineering Services Practice will build upon its existing product engineering strength and create enhanced value for clients with faster time to market advantage on new Tl products. The prestigious system engineering programme enables customers to leverage products and services from both HCL and TI. This engagement also allows HCL to focus on delivering reference products based on TI product families for specific markets.

"By joining this prestigious network of innovative companies and designing embedded devices with TI products and solutions, we are enabling our customers to leverage the best of both Tl's and HCL's products and designs," says Sandeep Kishore, Executive Vice President and Global Head, Sales & Practice, Engineering and R&D services at HCL Technologies.

"HCL has been working very closely with TI over the last few years to address our customer requirements in development of complex engineering solutions. We have used TI's broad portfolio of embedded solutions, including OMAP, DSPs, microcontrollers and analog, to build products in aviation and aerospace, multimedia and consumer electronics, medical electronics, computing, wireline and wireless communication equipments."

Steve Parks, Vice President, Worldwide Marketing - Analog, Texas Instruments added: "HCL has a proven history of solving customer problems with innovative, high-quality engineering solutions. This collaboration will not only allow our customers to leverage our collective strengths, but also enable us to foster closer relationships with key design communities to ultimately help fuel their innovative design ideas with leading-edge embedded solutions."

"Texas Instruments and HCL have worked closely in the past and collectively come up with innovative solutions," said Arun Jain, Director, Sales and Marketing, Texas Instruments India. "This initiative is another step to strengthen our relations. We are extremely excited for the opportunities this collaboration affords."

Recognized by industry analysts and others for its leadership in the engineering services market, HCL Engineering Services practice has emerged as a leading engineering services vendor in the U.S. and Europe. HCL's commitment to addressing engineering and operational challenges enables the company to address each customer's specialized pain points and provide individualized solution.

The stock was trading at Rs.407, down by Rs.1.50 or 0.37%. The stock hit an intraday high of Rs.409.50 and low of Rs.403.

The total traded quantity was 0.12 lakhs compared to 2 week average of 0.53 lakhs.


Source: Equity Bulls

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