SOURCE: HCL Technologies

May 07, 2008 12:22 ET

Serena Chooses HCL Technologies to Provide End-to-End Software Lifecycle Management

HCL to Manage the Engineering and Development of Serena PVCS® Professional and Serena Dimensions® RM

SUNNYVALE, CA--(Marketwire - May 7, 2008) - HCL Technologies Ltd. ("HCL"), India's leading global IT services company, today announced a significantly expanded partnership with Serena Software, Inc. Further strengthening a seven-year relationship between the two companies, HCL will now provide end-to-end product development, sustenance engineering and release management for Serena® PVCS® Professional and Serena® Dimensions® RM, and will open a dedicated offshore development center for Serena.

"HCL's relationship with Serena has grown substantially in size and strategic relevance," said Sandeep Kishore, SVP, Hi-Tech and Manufacturing at HCL Technologies. "This expanded partnership is testimony to HCL's 360-degree relationship model with ISVs, which renders mutual benefit to both organizations. With an engineering DNA and process rigor to take over complete end-to-end software product development, along with engineering partnerships with a large number of ISVs, we're confident HCL will help enable Serena to focus on innovative technologies that will boost the company's growth initiatives."

"Considering our long-term relationship with HCL as both a customer and a partner, coupled with the company's high proficiency in offering lifecycle engineering services to ISVs, expanding on our existing partnership was both a strategic move and an obvious progression," said Carl Theobald, SVP, Products at Serena Software.

PVCS Professional is one of the most widely adopted solutions in the software configuration management (SCM) industry. PVCS is a comprehensive suite that delivers version, defect, build and issue management, and helps customers reduce development errors, establish repeatable builds and predictable development schedules, and deliver solutions to market faster. Dimensions RM ensures that project teams effectively collect and refine project requirements by allowing enterprises to effectively manage change in requirements during the project lifecycle.

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 18 countries to deliver solutions across select verticals including Financial Services, Retail & Consumer, Life Sciences & Healthcare, Hi-Tech & Manufacturing, Telecom and Media & Entertainment (M&E). For the quarter ended 31st March 2008, HCL Technologies, along with its subsidiaries had last twelve months (LTM) revenue of US $ 1.8 billion (Rs. 7083 crores) and employed 49,802 professionals.

About HCL Enterprise

HCL Enterprise is a $ 4.9 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 55,000 professionals of diverse nationalities, who operate from 18 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.

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

Contact Information

  • For details, contact:

    Citigate Cunningham for HCL Technologies
    Susan Vander May
    415-618-8721
    Email Contact