HCL Expense names Rick Valencia as CEO

NOIDA: HCL Expense Management Services Inc.,, a subsidiary of HCL Technologies Ltd., has appointed Rick Valencia as its new CEO.

Rick brings to HCL remarkable entrepreneurial experience. He will be responsible for driving HCL EMS to the next level while enhancing HCL’s competitive positioning in the global Telecom Expense Management (TEM) space, said a press release.

Prior to joining HCL EMS, Rick Valencia, one of the early pioneers of the TEM Industry, founded ProfitLine in 1992, serving as CEO for 15 years and the Chairman since its first round of venture capital funding in 2001 till recently.

He grew the company into a multi-million dollar industry leader with dozens of large enterprise and government clients. Earlier in his career, Rick created, built and ran several technology enhanced service businesses.

“I’m thrilled to be leading HCL EMS through its next stage of growth,” Rick Valencia commented. “Our parent company, HCL Technologies Ltd., brings us a global reach, access to massive amounts of human and financial capital and a desire to accelerate the growth of the overall organization through technology enabled services like TEM. Couple these resources with the great people at HCL EMS and their depth of expertise derived from providing services to some of the largest companies in the world and I believe we have the recipe for great success”.

“I welcome Rick as he takes over as the CEO of HCL Expense Management Services. Rick is highly regarded in the TEM industry; his depth and breadth of industry knowledge, experience and expertise are invaluable assets to HCL”, said Ranjit Narasimhan, president and CEO, HCL Technologies Ltd. -BPO Services.

HCL EMS (originally Control Point Solutions) was fully acquired on 1st September 2008 by HCL Technologies Ltd. (HCL), a leading global IT services provider in India.