SOURCE: HCL Technologies

September 17, 2007 08:00 ET

HCL Announces New Worldwide SAP Development and Support Contract With Celestica

SUNNYVALE, CA--(Marketwire - September 17, 2007) - HCL Technologies Ltd. ("HCL"), India's leading global IT services company, today announced it has expanded its relationship with Celestica, a global provider of innovative electronics manufacturing services (EMS), to provide SAP deployment and support. Under the terms of this three-year agreement, HCL will deploy and customize Celestica's SAP suite in a global delivery model across Asia, North America, Latin America and Europe.

Through HCL's global implementation and support methodology, Celestica and HCL will execute common processes and adhere to common governance structures under a fully managed service -- executing customer-related projects more rapidly and achieving consistent levels of service worldwide.

"Our goal is to drive supply chain efficiencies and integrated global services to bring cost and time-to-market benefits to our customers," said Lisa Charney, Vice President IT Business Solutions, Celestica. "We believe that our expanded relationship with HCL will help us to achieve this goal."

"With the increasing complexity of the global supply chain, ensuring consistency and speed across the world is a key competitive advantage," said Sandeep Kishore, Sr. Vice President, Hi-Tech and Manufacturing at HCL. "Having worked closely with Celestica over the past four years, we have an in-depth understanding of the intricacies of their business and are looking forward to implementing solutions that will help them deliver on their business strategy and mission."

This new contract expands upon a four-year relationship between the two companies through which HCL and Celestica have successfully provided integrated solutions to customers across the telecom, enterprise, consumer, medical, aerospace and semiconductor sectors. Last year, the partnership was further expanded with a joint venture to provide a fully integrated product lifecycle solution to OEM customers -- including product concept, design, engineering, manufacturing, fulfillment, sustaining engineering, reverse logistics and after-market services. HCL's broad and scalable design engineering capabilities combined with Celestica's existing strengths in hardware design for manufacturability and supply chain integration create an exciting new alternative for OEMs seeking time-to-market and total cost advantages.

About HCL Technologies

HCL Technologies is one of India's leading global IT Services companies, providing software-led IT solutions, remote infrastructure management services and BPO. Having made a foray into the global IT landscape in 1999 after its IPO, HCL Technologies focuses on Transformational Outsourcing, working with clients in areas that impact and re-define the core of their business. The company leverages an extensive global offshore infrastructure and its global network of offices in 17 countries to deliver solutions across select verticals including Financial Services, Retail & Consumer, Life Sciences & Healthcare, Hi-Tech & Manufacturing, Aerospace and Automotive, Telecom and Media & Entertainment (M&E). For the year ended 30th June 2007, HCL Technologies, along with its subsidiaries, had revenues of US$ 1.4 billion (Rs. 6034 crores) and employed 42,000 professionals. For more information, please visit www.hcltech.com

About HCL Enterprise

HCL Enterprise is a leading Global Technology and IT enterprise that comprises two companies listed in India -- HCL Technologies & HCL Infosystems. The 3-decade-old enterprise, founded in 1976, is one of India's original IT garage start-ups. Its range of offerings span Product Engineering, Custom & Package Applications, BPO, IT Infrastructure Services, IT Hardware, Systems Integration, and distribution of ICT products. The HCL team comprises approximately 46,000 professionals of diverse nationalities, who operate from 17 countries including 300 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, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, 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, 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 and general economic conditions affecting our industry. 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.

Other product or service names mentioned herein are the trademarks of their respective owners.

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