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HCL Technologies and Savvion Announce Global Alliance
Partnership Enhances HCL Offerings, Increases Savvion's Presence in APAC and India
NOIDA - November 24th, 2009 - HCL Technologies Limited ('HCL'), a leading global IT services provider, today announced its strategic partnership with Savvion, the trailblazing business process management company to extend its service focus into the Business Process Management (BPM)** space.
Through this partnership, both companies will now be able to help customers implement and optimize business processes across the organization. The BPM solutions enable visibility into extremely critical business processes such as order management, onboarding new clients and releasing & supporting products with an ability to track and measure these processes real-time. This leads to elimination of inefficient processes and ensures informed decision making.
"By adopting BPM, the enterprises can augment their ability to support key business processes and obtain a competitive advantage." says Ramakrishna V, Senior Corporate Vice President & Global Head Enterprise Application and Transformation Services (EAS & ETS). "With Savvion's partnership we are now well positioned to be a leader in the BPM space. Through our enhanced BPM service offerings, we wish to expand our services across verticals with special focus on Financial Services, Media, Publishing and Entertainment, Government and Retail."
"Our partnership with HCL not only increases our base in several key vertical markets, but further exposes Savvion to customers in the booming India and APAC regions," said Dr. M.A. Ketabchi, President, CEO and Founder of Savvion.
Business Process Management has been rated as the next growth driver by industry experts and analysts. Industry experts and analysts identified BPM as one of the fastest growing software sectors and have predicted that the market would cross $2.6 billion in 2011. This is becoming increasingly popular among organizations across the world as it not only maximizes the returns from the existing IT infrastructure but also allows the flexibility and agility of incorporating changes in the business process for an accelerated time to market with reduced costs and enhanced efficiency.
BPM is part of the HCL Enterprise Content Management and Portal practice that focuses on mapping customer organizations business objectives with the content management strategy. It forms a strategic part of HCL Enterprise Transformation Services (ETS) group that assists customers in aligning business strategy with their IT strategy.
HCL ETS practice offers a seamlessly integrated approach towards business processes, technology, application and data to deliver end-to-end services that supports transformation across the enterprise. Benefits from enterprise transformation services include reduced IT intensity (IT spend to revenue ratio), operational excellence, customer intimacy and thus achievement of business goals.
** BPM is a management practice that provides for governance of a business's process environment toward the goal of improving agility and operational performance. BPM is a structured approach employing methods, policies, metrics, management practices and software tools to manage and continuously optimize an organization's activities and processes.
More than 300 of the world's top-performing companies, including 24 of the Fortune 100, choose Savvion to operate more productively and profitably. As the business process management trailblazer, Savvion moves enterprises beyond ordinary BPM with groundbreaking business-critical software solutions and services that make them more competitive and cost-efficient, including a return on investment as high as 300%. Savvion has a proven track record for turning process improvement ideas into real world solutions within 30 days, providing the highest ROI for the lowest total cost of ownership. Headquartered in Santa Clara, California, Savvion can be reached at www.savvion.com or 888-544-5511 .
About HCL Technologies
HCL Technologies is a leading global IT services company, working with clients in the areas that impact and redefine the core of their businesses. Since its inception into the global landscape after its IPO in 1999, HCL focuses on transformational outsourcing, underlined by innovation and value creation, and offers integrated portfolio of services including software-led IT solutions, remote infrastructure management, engineering and R&D services and BPO. HCL leverages its extensive global offshore infrastructure and network of offices in 20 countries to provide holistic, multi-service delivery in key industry verticals including Financial Services, Manufacturing, Aerospace & Defense, Telecom, Retail & CPG, Life Sciences & Healthcare, Media & Entertainment, Travel, Transportation & Logistics, Automotive, Government, Energy & Utilities. HCL takes pride in its philosophy of "Employee First" which empowers our 54,216 transformers to create a real value for the customers. HCL Technologies, along with its subsidiaries, had consolidated revenues of US$ 2.2 billion (Rs. 10,591 crores), as on 30th June 2009. For more information, please visit www.hcltech.com.
About HCL Enterprise
HCL is a $5 billion leading global Technology and IT Enterprise that comprises two companies listed in India - HCL Technologies & HCL Infosystems. Founded in 1976, HCL is one of India's original IT garage start-ups, a pioneer of modern computing, and a global transformational enterprise today. Its range of offerings spans Product Engineering, Custom & Package Applications, BPO, IT Infrastructure Services, IT Hardware, Systems Integration, and distribution of ICT products across a wide range of focused industry verticals. The HCL team comprises over 60,000 professionals of diverse nationalities, who operate from 26 countries including over 500 points of presence in India. HCL has global partnerships with several leading Fortune 1000 firms, including leading IT and Technology firms. For more information, please visit www.hcl.in.
Forward Looking Statements
Certain statements in this release are forward-looking statements, which involve a number of risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from those in such forward-looking statements. All statements, other than statements of historical fact are statements that could be deemed forward looking statements, including but not limited to the statements containing the words 'planned', 'expects', 'believes', 'strategy', 'opportunity', 'anticipates', 'hopes' or other similar words. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding impact of pending regulatory proceedings, fluctuations in earnings, our ability to manage growth, intense competition in IT services, Business Process Outsourcing and consulting services including those factors which may affect our cost advantage, wage increases in India, customer acceptances of our services, products and fee structures, our ability to attract and retain highly skilled professionals, our ability to integrate acquired assets in a cost effective and timely manner, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, the success of our brand development efforts, liability for damages on our service contracts, the success of the companies / entities in which we have made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property, other risks, uncertainties and general economic conditions affecting our industry. There can be no assurance that the forward looking statements made herein will prove to be accurate, and issuance of such forward looking statements should not be regarded as a representation by the Company, or any other person, that the objective and plans of the Company will be achieved. All forward looking statements made herein are based on information presently available to the management of the Company and the Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.
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