HCL to drive end-to-end IT transformation at UD Trucks

HCL Technologies (HCL), a leading global technology company, today announced it has signed a multi-million dollar digital transformation and hybrid cloud contract with UD Trucks, a leading Japanese commercial vehicle solutions provider. HCL will deliver end-to-end IT transformation spanning across digital platforms, agile digital application development, migration, support and maintenance and digital workplace services. With this new partnership, HCL will further accelerate UD Trucks' digital transformation journey.

Recent changes in its operational structure have required UD Trucks to build and migrate to its own dedicated IT environment, while at the same time ensuring service continuity. HCL was selected due to its extensive capabilities in managing both legacy and next-generation technologies, best-in-class IT transformation frameworks, dynamic cybersecurity services and deep domain expertise from working with other major automotive brands. By moving to a new next-generation IT environment, UD Trucks aims at leveraging the power of cloud and IoT while providing its employees globally with an enhanced user experience.

"Migrating our infrastructure and business-critical applications is of strategic importance to UD Trucks in our accelerated digitalization journey," said Satish Rajkumar, Senior Vice President Digital Solutions & IT, UD Trucks. "HCL's deep understanding of our existing IT footprint, combined with its leading-edge transformation capabilities, made it the standout choice. We have full confidence that HCL will help us build a world-class IT environment to enable us to go the extra mile for our employees and customers."

"When signing such an important deal, you not only check that the technical capabilities are there for today and the foreseeable future, you also deeply assess the partnership you are entering into to see how it matches your values and long-term ambitions," added Nicolas Gendre, Senior Vice President Purchasing, UD Trucks.

"As automotive brands look to accelerate their digital transformation and embrace the cloud, they need a partner like HCL to successfully navigate the complexity of IT ecosystems and have a digital foundation ready for the future," said Pankaj Tagra, CVP & Head - Nordic and DACH, HCL Technologies. "Corporate transitions create special scenarios which require expertise at the intersection of end-to-end business processes and technology. Our engagement with UD Trucks is a fantastic illustration of how HCL can support setting up core IT capabilities leveraging HCL's Cloud Smart strategy and accelerate next-generation digital services for our clients."

Shares of HCL TECHNOLOGIES LTD. was last trading in BSE at Rs.1010 as compared to the previous close of Rs. 991.4. The total number of shares traded during the day was 157809 in over 5050 trades.

The stock hit an intraday high of Rs. 1016.8 and intraday low of 994.75. The net turnover during the day was Rs. 159446090.

Source : Equity Bulls

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