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Stock Report
HCL wins Multi-Service outsourcing deal from Teradyne
Posted On : 2006-07-13 02:25:10( TIMEZONE : IST )
HCL Technologies Ltd has announced that the Company has entered into a 5-year, $70 million multi-service outsourcing deal with Teradyne, a leading supplier of Automatic Test equipment. The scale of the engagement includes IT Consulting, Application Development, and end-to-end Application and IT Infrastructure Management involving datacenter, network, security and help desk services.
This multi-service outsourcing deal with a co-sourcing model of engagement integrates Remote Infrastructure Management with other critical operations for Teradyne. The Company will also be involved in architecture and design of Teradyne´s IT operations and data centre migration. This deal represents an extension of a four year engagement with Teradyne.
Vineet Nayar, President, of the Company, said: "HCL is one of the few companies in the world to have a consistent, proven track record of achieving high offshore leverage. By remaining focused on our vision for transformational relationships with customers, HCL has announced three engagements comparable in size and scope in 2006 alone. We are excited about the value we can jointly create in this relationship and are happy to have Teradyne as one of our top 10 customers"
The Company pioneered the concept of remote Infrastructure management (RIM) with a Co-sourcing model of engagement, which has added substantial value to customers including Fortune 500 and Global 2000 enterprises. The Company created a new uncontested market space which today has become a disruptive trend.
Sandeep Kishore, Vice President of the Company´s Hi-Tech and Semiconductor Practice, commented on the transformational aspect of the engagement: "We have a unique approach to service delivery that offers our customers enhanced value in the short terms as well as over the life of the relationship. Teradyne will benefit from HCL´s first full service outsourcing partnership and other service innovations to ensure successful transformation of its IT portfolio."
