NEW DELHI, February 27, 2006 - HCL Technologies Ltd. ("HCLT"), a leading global IT solutions provider in Information Technology announced today that they have entered into a unique 'royalty model' with Cisco Systems, Inc., the world-wide leader in networking. Under this model, Cisco has licensed HCL the Intellectual Property (IP) for one of its network management products, wherein HCL would also be responsible for complete engineering of the product. This was announced during the 10 year partnership celebration by Cisco and HCL, which is marked as one of the largest and longest Product Engineering engagement in the Indian IT industry.
Cisco joined hands with HCL in February 1996, which resulted in setting up of their first Offshore Development Center (Cisco Offshore Development Center) in Chennai with 30 dedicated engineers. It was jointly championed to undertake software development work for Cisco's Inter-Operatibility Software (IOS). Today with more than 1100 employees focused in delivering consistent and high quality services to Cisco, HCL has maintained and enhanced customer satisfaction and thereby resulted in accelerating business growth. Within the past ten years, HCL has rapidly expanded its Cisco operations and expects that growth to gain momentum.
Cisco Offshore Development Center is the largest product engineering site for Cisco outside the United States.Mr. Cliff Meltzer, Senior VP, CISCO Systems Inc. said, "The 10 year HCL-Cisco partnership has been a long and successful one. The partnership has thrived and grown because it is built on mutual trust and a win-win approach. Executive support has ensured a world-class partnership broadly recognized for how a multi-site development effort should be executed."
On completing 10 years of partnership with Cisco, Shiv Nadar, Founder HCL said, "HCL Team is very proud to have partnered CISCO. HCL believes in value centric partnership and our journey with Cisco has been mutually beneficial. With maturing Centers of Excellence at CODC, we took technically complex and business critical responsibilities in maintaining and enhancing operating systems and supporting Cisco's products around the globe, allowing them to concentrate on their core business. However, it has enhanced HCL's knowledge and skills in this sphere."
On entering into the new royalty model, he added, "We have always been committed to maintain and enhance Cisco's experience in all our engagements by providing consistent and high quality deliveries. This new engagement for the Royalty Model is another step in our long standing relationship with Cisco."
About HCL Technologies
HCL Technologies is one of India's leading global IT Services companies, providing software-led IT solutions, BPO and remote infrastructure management services. Having made a foray into the services domain in 1997-98, HCL Technologies focuses on technology and R&D outsourcing, working with clients in areas at the core of their business. The company leverages an extensive offshore infrastructure and its global network of 26 offices in 15 countries to deliver solutions across select verticals including Banking, Insurance, Retail & Consumer, Aerospace, Automotive, Semiconductors, Telecom and Life Sciences. For the twelve-month period ended 31 December 2005, HCL Technologies, along with its subsidiaries, had revenues of US $864 million (Rs 3,890 crore) and employed 28,182 professionals. For more information, please visit www.hcltech.com
About HCL Enterprise
HCL Enterprise is a leading global technology and IT enterprise, comprising two companies listed in India-HCL Technologies & HCL Infosystems. The three-decade-old enterprise, founded in 1976, is one of India's original IT garage start-ups. Its range of offerings span product engineering, technology and application services, BPO, infrastructure services, IT hardware, systems integration, and distribution of technology and telecom products. The HCL team comprises of over 30,000 professionals of diverse nationalities, operating out of 15 countries, including 300 points of presence in India alone. HCL has global partnerships with several leading Fortune 1000 firms, including leading IT and Technology firms. For more information please visit www.hcl.in
