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HCLTech to Modernize IT Operations for State Farm®

Posted On : 2023-01-13 11:08:25( TIMEZONE : IST )

HCLTech to Modernize IT Operations for State Farm®

HCLTech, a leading global technology company, today announced that State Farm, the leading provider of auto, home, and commercial insurance, has selected the company to reimagine its IT service desk and infrastructure operations. HCLTech will leverage its differentiated portfolio and proven execution capabilities to accelerate the modernization of its hybrid cloud environment for State Farm.

This collaboration will further modernize State Farm's back-end IT services and infrastructure through automation, advanced technology tools and mature processes. This will enable State Farm to focus on critical technology priorities while elevating IT support experiences for its customers, agents and employees.

Some State Farm employees supporting this work will transfer to HCLTech to continue their important role in delivering cutting-edge technology services to State Farm. These employees will have access to HCLTech's global network and a wide range of opportunities across industries, including a variety of training and development programs that are core to HCLTech's culture of innovation.

"HCLTech was selected because of its reputation in supporting Fortune 500 companies," said Ashley Pettit, Senior Vice President and Chief Information Officer for State Farm. "Working successfully with them relies, in part, on the skills and knowledge of talented employees currently doing this work at State Farm."

"We are thrilled to welcome the incoming talent and combine the companies' mutual expertise to help State Farm develop a stronger technology foundation," said Srinivasan Seshadri, Corporate Vice President and Global Head of Financial Services, HCLTech. "We are committed to supporting State Farm in its endeavor to serve its customers through advanced technologies and practices."

Shares of HCL Technologies Limited was last trading in BSE at Rs. 1071.90 as compared to the previous close of Rs. 1054.80. The total number of shares traded during the day was 95226 in over 6703 trades.

The stock hit an intraday high of Rs. 1074.40 and intraday low of 1061.00. The net turnover during the day was Rs. 101822712.00.

Source : Equity Bulls


HCLTechnologies INE860A01027 HCLTECH StateFarm ITServiceDesk InfrastructureOperations