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Paramita Bannerjee
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Paramita Bannerjee is a Lawyer specialising in Company Law
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Securities Briefing
  • HCL Technologies Enters Into Strategic Partnership With French Software Major 0 comments
    Feb 18, 2013 12:29 AM

    IT services giant, HCL Technologies Ltd. has entered into a strategic partnership with leading French global applications software provider viz. Linedata.

    Under the partnership, HCL Technologies would combine its Finance Center product with Linedata's existing financial services software product suite, enabling the provision of front as well as back office products to customers, HCL said in a filing to the Bombay Stock Exchange.

    In addition, the partnership will allow HCL to transfer its commercial lending software product viz. Finance Center business, including customer contracts and other associated assets and liabilities for a consideration of USD 45 million while supporting Linedata with offshore product development and professional services, the filing stated.

    Source - HCL Tech

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