HCL-Xerox sign six-year transformation deal; HCL shares soar 8.18%

HCL-Xerox The bigwig information technology service provider HCL Technologies has signed a $100 million six-year transformation deal with document management firm, Xerox Corporation, for the outsourcing of data-center services. The two companies already entered into a partnership in November, according to which HCL would facilitate companies in the incorporation of Xerox's manage print services into their systems.

According to Xerox spokesman Bill McKee, the recently-signed agreement includes the provision of mid-range services, business stability, and disaster recuperation for Xerox's information management operations. With a view to consolidate Xerox's data centers in North America and Europe, HCL would run data centre hosting and migration; vitalization; and storage architecture.

The deal further entails that HCL would make available architecture and consulting services for new technology and system design, implementation and lifecycle expansion.

Elaborating on the agreement, Shami Khorana - the Corporate VP and President of HCL's wholly-owned subsidiary HCL America Inc - said: "Our engagement with Xerox is a testament to HCL's competencies and capabilities which continue to help the customer in its IT transformation by providing innovative IT services scalable to their needs."

With the HCL-Xerox deal being announced, shares of HCL Technologies caught the public eye on Monday - soaring
8.18 percent to Rs. 115.70 on the NSE.

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