HCL Technologies Ltd. announced that it had signed a strategic 5-year Application Support Transformation deal with Deutsche Bank's Capital markets arm.
The service factory delivery model implemented by HCL is expected to significantly increase productivity, driven by transparent Service Level Agreements (SLAs) and performance metrics, and comes as Deutsche Bank endeavors to move away from a traditional applications support model to a set of unique process driven services governed by global standards like Information Technology Infrastructure Library (ITIL) and LEAN.
The transformation programme, which will result in significant vendor consolidation, involves the management of key banking applications that are the backbone to the Deutsche Bank's critical businesses.
Company's Executive Vice President, Strategic Accounts, Parag Samarth said, "As HCL Technologies enters its tenth year of strategic relationship with Deutsche, our engagement has evolved and matured into one of unshakeable trust. This deal is one of the significant milestones in the strategic road-map that has been charted by the company and we are delighted to continue along this journey with Deutsche Bank."
HCL Technologies closed Wednesday's trading at Rs.405.55, up by 0.57 percent from the previous close at the BSE.
by RTTNews Staff Writer
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