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On Tuesday, HCL Technologies said that it has acquired Volvo group’s external IT business and a five year outsourcing deal has been signed by it.
The companies have signed a letter of intent in October for the acquisition and it will add 40 new customers in the Nordic and France regions and 2,500 highly skilled employees from 11 countries to HCL’s portfolio.
HCL said on the IT outsourcing deal that it will deliver on a technology transformation roadmap which spans over 3,500 applications, over 20 data centres and 11,000 servers, 12 PB (petabyte) of storage, 20,000-plus MIPS of mainframe capacity and over 15,000 network devices.
It further added that “The deal is one of the largest IT deals signed by any Indian IT company, and a first in the industry to use principles of Vested Sourcing as the basis of the relationship for an IT outsourcing engagement of this size and magnitude.”
