Date:31/10/2007 URL: http://www.thehindu.com/2007/10/31/stories/2007103157071900.htm

Business

HCL Tech ties up with Misys

Staff Reporter

To market the latter’s financial sector solutions
Create a flexible global sourcing model

NEW DELHI: HCL Technologies has tied up with global software firm Misys plc to market the latter’s financial sector solutions in India, Singapore and Malaysia. Both the companies will also jointly develop a solution centre to expedite upgrades and create a flexible global sourcing model. Under the agreement, HCL would jointly market Misys’ banking, treasury and capital markets solutions in the three countries. “We have selected Misys as our preferred software vendor because of their track record and deep understanding of the financial services software market,” said HCL Chairman and Chief Strategy Officer, Shiv Nadar, at a press conference here on Tuesday.

According to Misys Chief Executive, Mike Lawrie, “The upgrade solution centre and flexible development resource will enable us to move more quickly and deliver greater value for customers and shareholders.”

Misys and HCL together will create an upgrade solution centre to leverage world-class professional services skills and technical tools in order to more rapidly migrate customers to the latest versions of Misys software. Misys will collaborate with partners to accelerate the delivery of new products and more efficiently maintain existing products.