HCL inks 5 year deal with Deutsche Bank’s capital markets arm

HCL inks 5 year deal with Deutsche Bank’s capital markets arm

New Delhi: IT company HCL Technologies, on Wednesday, said it has inked a five-year, multi-million dollar deal with Deutsche Bank’s capital markets arm to provide applications support solutions.

HCL Technologies has signed a strategic five-year application support transformation deal with Deutsche Bank’s capital markets arm, the company said in a statement. The multi-million dollar deal heralds a perfect beginning to celebrations to mark a decade of HCL’s relationship with Deutsche Bank, it added.

Financial details of the deal were not disclosed.

The service factory delivery model implemented by HCL is expected to significantly enhance productivity, driven by transparent Service Level Agreements (SLAs) and performance metrics, it said.

“This deal is one of the significant milestones in the strategic roadmap that has been charted by the company and we are delighted to continue along this journey with Deutsche Bank," HCL Technologies executive vice-president (strategic accounts) Parag Samarth said.

Besides, country’s largest software exporter Tata Consultancy Services (TCS) has also been roped in by Deutsche Bank to provide software solutions to the unit.

TCS will deliver a global application service desk, ITIL (IT Infrastructure Library) services, besides other software solutions, to the bank at locations across seven countries - the United States, United Kingdom, Germany, Hungary, Philippines, Singapore and India, TCS had said.