HCL Tech, Answerthink forge joint venture

CIOL Bureau
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NEW DELHI: Leading information technology company HCL Technologies said on

Friday it had formed a joint venture with US-based Answerthink to boost

outsourcing from its development centers in India.


New Delhi-based HCL Technologies, India's fifth largest software exporter,

said in a statement Answerthink brought to the venture "formidable business

transformation and technology integration skills" along with a prestigious

client base. "The proposed new company, christened HCL-Answerthink, will

outsource the IT requirements of these clients to HCL Technologies' offshore

development centers, leveraging its expertise across a host of verticals and

domains," it said.

"With access to facilities in India and Europe, HCL-Answerthink will

offer custom application development services, on-going production support,

application maintenance services and application reporting services." The

venture, to be headed by Answerthink's chief risk management Officer Ken Coppins,

will draw professionals mainly from the US firm's management team.

Answerthink's clients include Waste Management, Exelon, Verizon and

McGraw-Hill, while HCL technologies counts Cisco Systems, KLA Tencor and

Convergys among its clients. Shares of HCL Technologies, which specializes in

engineering-related software that goes into hi-tech equipment and microchips,

ended 3.65 per cent higher at Rs 279.60 on the Bombay exchange which closed 1.66

per cent higher.