HCL Inks 5-Year Deal with Deutsche Bank's Capital Markets Arm

Strategic Insights -

HCL Technologies, an Indian IT company, has secured a five-year, multi-million dollar contract with Deutsche Bank's capital markets arm to provide applications support solutions. This deal marks a significant milestone in the strategic relationship between HCL and Deutsche Bank, which is celebrating a decade of partnership. The agreement is expected to enhance productivity through transparent Service Level Agreements (SLAs) and performance metrics.

Key Takeaways:

  • HCL Technologies has signed a five-year application support transformation deal with Deutsche Bank's capital markets arm, valued in the millions of dollars.
  • The deal is a strategic partnership between HCL and Deutsche Bank, marking a decade of their relationship.
  • HCL's service factory delivery model is expected to enhance productivity, driven by transparent Service Level Agreements (SLAs) and performance metrics.
  • The contract is a multi-million dollar agreement that will support Deutsche Bank's operations across seven countries.
  • TCS has also been roped in by Deutsche Bank to provide software solutions, including a global application service desk and ITIL services.
  • Parag Samarth, Executive VP (Strategic Accounts) at HCL Technologies, commented on the deal, stating it is a significant milestone in HCL's strategic roadmap with Deutsche Bank.
  • The deal highlights HCL's capabilities in providing applications support solutions to global financial institutions.

Statistics:

  • Five-year duration of the deal between HCL and Deutsche Bank's capital markets arm.
  • Multi-million dollar value of the contract.
  • Seven countries where Deutsche Bank will receive software solutions from TCS: the US, UK, Germany, Hungary, Philippines, Singapore, and India.
  • Decade-long relationship between HCL and Deutsche Bank, marked by this strategic partnership.

Sources:

  • PTI, September 21, 2011.