HCL Technologies Partners with Software Provider Ubiquiti Inc.

Sunnyvale/Noida, India - Nov. 18, 2009: HCL Technologies Ltd. (HCL), a leading global IT services provider, today announced a partnership with software company Ubiquiti Inc. to provide automated warranty solutions to automotive manufacturers. Through this partnership, Ubiquiti will leverage HCL's comprehensive Warranty Decision Support solution to help manufacturers automate the numerous analysis, alerting, data mining and reporting processes associated with warranty and repair data. Manufacturing organizations will now be able to continuously monitor all warranty processes through a single dashboard.

By leveraging these intelligent solutions, manufacturers will be better equipped to handle the complexities of warranty management, while saving significant time and valuable resources.

"With this new partnership, HCL expands its ability to provide innovative IT solutions to the global automotive industry," said Suneel Sekhri, director, VSG-Auto, HCL Technologies.

"Ubiquiti has developed groundbreaking software that is of particular importance to manufacturers in the complex automotive environment to leverage warranty related data for improving service value chain and reducing warranty cost. This joint solution represents our strategic direction of delivering cost-effective, high valueadd industry solutions to the automotive industry."

"Ubiquiti is glad to partner with HCL Technologies," said Keith Thompson, director, Ubiquiti Software & Services. “We have a joint vision to improve repair and warranty operations in the automotive sector through intelligent data processing and analysis. With our proven technologies, Ubiquiti's software automates analytics and early warning systems with repair and warranty data. Partnering with HCL is an ideal way for us to expand our solution and these benefits in this industry."

Along with industry solutions, HCL delivers integrated IT services and full life-cycle product engineering services which meet the business demands of the automotive industry. HCL's automotive practice offers services in automotive electronics, engineering and design, and enterprise applications to automotive OEMs and tier one suppliers across geographies. It also helps organizations achieve faster time to market, ensures collaboration and visibility across the supply chain and provides engineeringled product development.

The stock was trading at Rs.332.50, down by Rs.6.40 or 1.89%. The stock hit an intraday high of Rs.340 and low of Rs.330.30.

The total traded quantity was 46642 compared to 2 week average of 183953.

Source : Equity Bulls

Keywords