HCL to develop software for US energy firm

BANGALORE, INDIA: India's leading IT services provider HCL Technologies will partner with US-based GridPoint to develop software for smart energy solutions, the company said on Monday.

"As part of the multi-year deal, we will enhance GridPoint's software solutions to help accelerate the pace of delivering new capabilities to the market," HCL vice-president Rajeev Swahney said in a statement.

The acceleration will help GridPoint meet the increased demand for smart energy solutions across its product portfolio, including both utility and enterprise solutions. 

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"We were looking for an IT services provider with a strong global presence that has extensive industry experience plus a robust set of development capabilities. As a right choice, we believe HCL's network of resources will help us in deploying solutions quickly," GridPoint chief executive John Spirtos said.

HCL has end-to-end capabilities in electric utilities, water utilities, oil and gas exploration, refining and energy trading and implementing hardware and software capabilities.

"We offer integrated service offerings and multi-service delivery through innovative business models such as output-based pricing and risk-reward sharing," Sawhney added.