SOURCE: HCL Technologies Ltd.

HCL Technologies Ltd.

November 17, 2009 10:15 ET

HCL Announces Strategic Partnership With Software Provider Ubiquiti

HCL Technologies and Ubiquiti Join Forces to Help Improve Warranty and Repair Operations and Reduce Warranty Costs for Automotive Manufacturers

SUNNYVALE, CA and NOIDA, INDIA--(Marketwire - November 17, 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 value-add 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 engineering-led product development.

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 26 countries to provide holistic, multi-service delivery in key industry verticals including Financial Services, Manufacturing, Consumer Services, Public Services and Healthcare. HCL takes pride in its philosophy of 'Employee First' which empowers our 54,443 transformers to create a real value for the customers. HCL Technologies, along with its subsidiaries, had consolidated revenues of US$ 2.3 billion (Rs. 11,270 crores), as on 30th September 2009 (on LTM basis). 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

About Ubiquiti Inc.

In business since year 2000, Ubiquiti solutions have a proven track record. Ubiquiti has been used for several years at customers who save time, money and improve their products using its software. Ubiquiti solutions are highly regarded: customers are its references, and since its inception almost a decade back, Ubiquiti has enjoyed 100% customer retention. Ubiquiti software products enable solutions for decision support with structured and unstructured data. Without requiring tedious manual effort, Ubiquiti enables rapid search, data analysis, data mining, diagnosis, and early warning alerts. Typical business intelligence features of sorting, searching, charting, reporting, drill-downs, and other means to slice & dice data, are all provided within intuitive user-friendly interfaces. Ubiquiti technologies also provide semantics-based text mining and analytics for unstructured plain verbatim text narrative records and documents. For more information, please visit www.ubiquiti.com

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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