SOURCE: HCL Technologies Ltd.

November 18, 2008 06:00 ET

HCL Technologies and TIBCO Expand Global Alliance

Global Agreement Expands Current Partnership With Go-to-Market Plans in Asia Pacific, Reseller Relationships in the Middle East and Joint Solutions and Demo Center Initiatives in India

SUNNYVALE, CA--(Marketwire - November 18, 2008) - HCL Technologies Ltd. ("HCL"), a leading global IT services provider, today announced the expansion of its strategic alliance with TIBCO Software Inc. (NASDAQ: TIBX). The expanded alliance includes new and updated HCL solution frameworks for Business Process Management (BPM), Complex Event Processing (CEP) and Service Oriented Architecture (SOA). HCL and TIBCO will also collaborate on joint sales initiatives across key verticals such as financial services, telecommunications, manufacturing and life sciences in new regions including Australia, New Zealand, UK, Nordic Region, Middle East, India and Singapore.

As a result of the strong partnership between HCL and TIBCO that spans more than nine years, more than 600 HCL consultants are well versed in the TIBCO tool set and more than 120 HCL consultants are TIBCO certified (highest number of certifications in 2008).

"We have provided TIBCO and its customers with value-centric solution development, capability enhancements and consulting services for more than nine years," said Vikram Duvvoori, senior vice president and global head of the Middleware & SOA Practice for HCL Technologies. "The expanded contract reflects our joint commitment to providing expertise in critical technology areas including Complex Event Processing, Business Process Management and SOA Governance."

CEP

HCL is developing a new Logistics Optimizer framework called Logistics Optimizer based on TIBCO CEP and built with TIBCO BusinessEvents™. Logistics Optimizer will help companies improve operational efficiencies and reduce costs through the integration of transportation and shipment applications.

BPM

HCL is launching a framework for BPM as a shared service, which helps enterprises to accelerate BPM adoption and also accelerate new functionality and composite application creation by a few hundred times.

SOA

HCL is also launching an enhanced version of their product, xFIT, an automated toolkit for Service Oriented Architecture (SOA) testing. This toolkit complements the TIBCO product stack well by providing for SOA & BPM test automation. HCL will also develop new solutions for TIBCO platform products, such as TIBCO BusinessEvents™, TIBCO ActiveMatrix™ and TIBCO Spotfire®, as well as create specific testing, security and Business Activity Monitoring (BAM) solutions to accelerate SOA and BPM adoption in global 2000 enterprises.

HCL first launched the BPM as a shared service, xFIT and ProcessWatch solution frameworks in May 2007. These solutions were created to help companies to manage and automate enterprise application integration testing and to facilitate an end-to-end, SOA-based process-centric view of business transactions to monitor financial, freight, logistics, and energy trading transactions.

"We want to help customers make the most of their existing technology investments and provide them with the tools and infrastructure to drive business change in these challenging economic times," said Jan Plutzer, senior vice president, TIBCO Software. "Our broadened alliance will help customers realize real-time visibility, and gain a in-depth process-centric view of their relevant industry."

HCL Technologies' Middleware and SOA Practice is comprised of more than 750 professionals that work with companies to seamlessly integrate business processes and the underlying applications to create a more agile enterprise through sharing of real-time information.

About TIBCO

TIBCO's technology digitized Wall Street in the '80s with event-driven "Information Bus" software, which helped make real-time business a strategic differentiator in the '90s. Today, TIBCO's infrastructure software gives customers the ability to constantly innovate by connecting applications and data in a service-oriented architecture, streamlining activities through business process management, and giving people the information and intelligence tools they need to make faster and smarter decisions, what we call The Power of Now. TIBCO serves more than 3,000 customers around the world with offices in more than 20 countries and an ecosystem of over 200 partners. Learn more at www.tibco.com.

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 19 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 and Energies & Utilities. HCL takes pride in its philosophy of 'Employee First' which empowers our 52,714 transformers to create a real value for the customers. HCL Technologies, along with its subsidiaries, had consolidated revenues of US$ 2.0 billion (Rs. 8300 crores), as on 30th September 2008. For more information, please visit www.hcl.in

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. The 3-decade-old Enterprise, founded in 1976, is one of India's original IT garage start-ups. Its range of offerings spans Product Engineering, Custom & Package Applications, BPO, IT Infrastructure Services, IT Hardware, Systems Integration, and distribution of ICT products. The HCL team comprises over 56,000 professionals of diverse nationalities, who operate from 19 countries including 360 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.

Contact Information

  • For details, contact

    HCL Technologies
    Kirsten Paragona
    Phone: +1 978 356 3342
    E-mail: Email Contact