Sigma and HCL Technologies have signed a MOU to form strategic partnership
The Partnership is based on a shared vision of innovative Outsourcing.
5/17/2011 2:30 AM EST
Sigma and HCL Technologies have signed a Memorandum of Understanding to jointly offer unrivalled IT expertise. The aim is to offer an innovative new form of outsourcing. Sigma & HCL have already started the dialogue with a number of customers in the Swedish market. The objective of the planned partnership is to create a joint-venture company that will hire local employees and support Swedish companies globally. The company will have Swedish management, and be consolidated into the Sigma Group.
Sigma has local strength, customer insight and international foot-print and HCL Technologies has a unique organizational culture, deep understanding of the local Swedish market needs, and a truly global delivery model with strong depth and scale of competencies. This unique combination will introduce innovative high value, lower cost solutions to address the IT outsourcing challenges of Sweden today, where the market demands flexibility and increased speed to market with respect to local requirements and global scale.
The partnership aim will be to develop and train employees to a global mindset and find new ways of working as IT professionals. It combines HCL’s innovative “Employee First” management philosophy with Sigma’s “SMART” solution’s concept – a fresh dynamic to the Swedish market.
“Sigma and HCL Technologies share an entrepreneurial culture and deep global delivery expertise” said Håkan Karlsson, Sigma CEO . “By combining our unique strengths - Sigma’s reputation for local customer excellence and Sigma’s international synchronized delivery model together with HCL Technologies innovative organizational culture and global reach – the planned partnership intends to deliver unique and alternative outsourcing solutions – that’s where we can make a real difference to Swedish customers”.
Liselotte Engstam, Head of HCL in the Nordic region said “Our proposed partnership with Sigma is expected to be a milestone in the go to market approach for the region. We will create a robust delivery model jointly with Sigma with differentiated service capabilities based on our shared values and unique competencies”
For further information please contact:
Håkan Karlsson, CEO, Sigma AB
Phone +46 (703) 79 20 00
E-mail
Liselotte Hägertz Engstam, head Nordic HCL Technologies
Phone +46 (768) 09 29 50
E-mail
The information is that which Sigma AB (publ) is required to declare by the Securities Business Act and/or the Financial instruments Trading Act. The information was made public on May 17 2011.
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 26 countries to provide holistic, multi-service delivery in key industry verticals including Financial Services, Manufacturing, Consumer Services, Public Services and Healthcare. HCL takes pride in its philosophy of ‘Employee First’ which empowers our 73,420 transformers to create a real value for the customers. HCL Technologies, along with its subsidiaries, had consolidated revenues of US$ 3.3 billion (Rs. 15,160 crores), as on 31 March 2011 (on LTM basis). For more information, please visit www.hcltech.com.
About HCL
HCL is a $5.7 billion leading global technology and IT enterprise comprising two companies listed in India – HCL Technologies and HCL Infosystems. Founded in 1976, HCL is one of India's original IT garage start-ups. A pioneer of modern computing, HCL is a global transformational enterprise today. Its range of offerings includes product engineering, custom & package applications, BPO, IT infrastructure services, IT hardware, systems integration, and distribution of information and communications technology (ICT) products across a wide range of focused industry verticals. The HCL team consists of over 79,000 professionals of diverse nationalities, who operate from 31 countries including over 500 points of presence in India. HCL has partnerships with several leading Global 1000 firms, including leading IT and technology firms. For more information, please visit www.hcl.com.