10,607.3555.65
Stock Analysis, IPO, Mutual Funds, Bonds & More

HCL Tech signs seven-year exclusive partnership with Temenos

The exclusive strategic agreement will be for non-financial services enterprises, where HCL has been granted a license to develop, market and support Temenos multiexperience development platform (MXDP). This agreement will help provide HCL's non-financial services clients leading technology and the higher levels of services and support.

, ET Bureau|
Last Updated: Jun 02, 2020, 05.55 PM IST
0Comments
BPO.bccl
New Delhi: The country's third largest software services firm HCL Technologies has signed a seven year partnership with Temenos a banking software company. The exclusive strategic agreement will be for non-financial services enterprises, where HCL has been granted a license to develop, market and support Temenos multiexperience development platform (MXDP).

Temenos will continue its R&D investment in its Temenos MXDP, and will support and service both Temenos financial services clients as well as existing non-financial services clients that are currently contracted with Temenos.

Darren Oberst, CVP and Head of HCL Software, said that HCL Software will continue to grow its technology in a strategic way and will invest in innovation. "Temenos’ multi-experience development platform is the market leader and very complimentary to our portfolio. We’re excited about what the future holds, and the value this will bring to non-financial services enterprises.”

This agreement will help provide HCL's non-financial services clients leading technology and the higher levels of services and support.

For Temenos, it will mean enhanced visibility on profitability and cash flow and underlines the resilience of Temenos’ business model.

Max Chuard, Chief Executive Officer, Temenos, said: “We are excited to announce this exclusive agreement with HCL, which ensures non-financial services clients have the best possible service and support, while allowing Temenos to focus on its core business of financial services. Under the agreement, non-financial services clients will continue to benefit from our significant R&D investment and innovation roadmap in the Quantum platform while HCL will bring world-class, cross-industry R&D and professional services.”

Also Read

Temenos to raise headcount in Indian offices to 2,500 in three years

Cognizant strikes partnership with Temenos

Satyam allies with Temenos for banking system

Comments
Add Your Comments
Commenting feature is disabled in your country/region.

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service