NEW DELHI: Global IT services firm HCL
Technologies Ltd has entered into a five-year, $70 million multi-service
outsourcing deal with Teradyne, a supplier of Automatic Test equipment.
The scale of the engagement includes IT Consulting, Application Development and
end-to-end Application and IT Infrastructure Management involving datacentre,
network, security and help desk services.
This multi-service outsourcing deal with a co-sourcing model of engagement
integrates Remote Infrastructure Management with other critical operations for
Teradyne. HCL will also be involved in architecture and design of Teradyne's
IT operations and data centre migration. This deal represents an extension of a
four-year engagement with Teradyne.
Chuck Ciali, CIO of Teradyne said: “We selected HCL on the basis of its
breadth of experience with global customers in the hi-tech manufacturing
industry, its partnership approach and the transparency in its engagement
models. This partnership will enhance Teradyne's capabilities in global
sourcing, enable reduction in costs and improve our agility as we enhance our
position as a global leader in automatic test equipment.”
Vineet Nayar, president, HCL, said: “HCL is one of the few companies in the
world to have a consistent, proven track record of achieving high offshore
leverage. By remaining focused on our vision for transformational relationships
with customers, HCL has announced three engagements comparable in size and scope
in 2006 alone. We are excited about the value we can jointly create in this
relationship and are happy to have Teradyne as one of our top 10 customers”
HCL pioneered the concept of remote Infrastructure management (RIM) with a
Co-sourcing model of engagement, which has added substantial value to customers
including Fortune 500 and Global 2000 enterprises. HCL created a new uncontested
market space which today has become a disruptive trend.
Sandeep Kishore, vice-president of HCL's Hi-Tech and Semiconductor Practice,
commented on the transformational aspect of the engagement: “We have a unique
approach to service delivery that offers our customers enhanced value in the
short term as well as over the life of the relationship. Teradyne will benefit
from HCL's first full service outsourcing partnership and other service
innovations to ensure successful transformation of its IT portfolio.”
Teradyne is a leading supplier of Automatic Test Equipment used to test complex
electronics used in the consumer electronics, automotive, computing,
telecommunications, and aerospace and defense industries. In 2005, Teradyne had
sales of $1.08 billion, and currently employs about 4,000 people worldwide.
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HCL wins $70-m Teradyne deal  Â
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