HCL and Odessa sign strategic partnership deal

BANGALORE, INDIA: HCL Technologies Ltd., a global IT services company, and Odessa Technologies, Inc., a software company focused on the leasing industry, have announced a strategic partnership to expand distribution channels, augment implementation capacity and increase speed-to-market for select installations of Odessa’s end-to-end lease management system, LeaseWave.

The partnership establishes HCL as a preferred implementation partner and enables Odessa and its customers to leverage HCL’s 64,000 member workforce with over 450 professionals experienced in implementing lending and leasing solutions throughout the world, said a press release.

“Odessa has established itself as a market leader by delivering a proven lease management solution that successfully combines all the benefits of scalable state-of-the-art technology with mature functionality that traditionally was only found in legacy systems. The combination of Odessa’s world class equipment finance solution with HCL’s worldwide distribution channels, implementation expertise and support services offers the equipment finance industry a comprehensive path for overhauling outdated technologies that have limited innovation, flexibility and growth.” says Mike Pennell, vice president, HCL.

“After 13 years of serving our industry, Odessa is now 150 people strong and continues to grow. But we also recognize that the industry is at a critical crossroads in terms of technology; and this presents an unprecedented opportunity for LeaseWave. Given this landscape, the HCL relationship removes potential scale-related constraints on select installations. It also allows Odessa to focus on key segments in the US industry while leveraging HCL’s worldwide presence”, says Madhu Natarajan, CEO, Odessa.