HCL and CSC to address app modernization market

BANGALORE, INDIA: HCL Technologies, a leading global IT services provider, and CSC, a global leader in next-generation IT services and solutions, have formed a strategic partnership to address the substantial market opportunity created by the need for enterprise clients to modernize their applications and transition to the cloud.

HCL and CSC will create a world-class application modernization delivery network to enable enterprises to shift from legacy technologies to a cloud-enabled platform. The first delivery centers will be launched in Bangalore and Chennai. These delivery centers will lower the risks and costs for clients transitioning to the cloud.

The joint application modernization offering will be enhanced with vertical specific initiatives starting with Banking and Financial services through the creation of a banking center of excellence. The partnership will be standardizing the delivery of modernized applications and enable them to be brokered onto any cloud environment, using platforms such as CSC's ServiceMesh.

According to Gartner's 2014 Market Forecast for IT Services the addressable market for applications services is $210 billion in 2014. The strategic partnership addresses what we believe to be one of the fastest growing segments of the applications services market.