HCL Tech surges 2% on deal with Freescale Semiconductor

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HCL Tech surges 2% on deal with Freescale Semiconductor
HCL Technologies: Quotes, News
BSE 831.05BSE Quote15.8 (1.90%)
NSE 831.75NSE Quote16.2 (1.95%)
The shares of the HCL Technologies surged after the company announced that it has entered into a landmark five year, multi-million dollar deal with US-based Freescale Semiconductor, a global leader in embedded processing solutions.

The shares of the company was seen trading higher by 2.87% to Rs 584 on BSE at 10.00 am IST. It touched intra-day high of Rs 592.

HCL will serve as an exclusive technology partner for Freescale, managing and strategically transforming their end-to-end corporate IT Infrastructure landscape. This deal reinforces HCL's IT leadership in the semiconductor industry.

As part of the engagement, HCL will manage and transform infrastructure operations covering desktop support, compute, storage, database, telecom (network & security), process automation and compliance with the use of its pioneering Management Tools as a Service (MTaaSTM) framework and gold standard processes.

As a result, Freescale will develop more resilient systems, optimize its operational costs, increase visibility into IT operations, experience reduced technology complexity and improved quality, sustain highest levels of customer service and drive innovation to existing and new initiatives, the company said in the press release.

"The semiconductor industry is dynamic, fast paced and highly competitive", said Hal Yarbrough, Director of IT Infrastructure at Freescale Semiconductor. "HCL will be a key partner in sharing our vision of building a robust and agile IT environment required to keep pace with the growing technological innovation demands of the business and creating new ideas and technologies for the next generation opportunities".

HCL will deliver services to Freescale across 20 countries, handling a user base of 19,000 employees spread across 80 different locations. Freescale will also leverage HCL's global delivery centers in Poland and Shanghai for multilingual helpdesk support.


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