Software exporter HCL Technologies on Monday said it has bagged a $350-million IT outsourcing services deal from media and marketing house Reader's Digest Association.
As part of the engagement, HCL Technologies would provide application development and infrastructure support across the application stack of Oracle, open technologies, main frame, infrastructure support for network, security, storage, end user computing and data centres, HCL said in a statement.
Meanwhile, the National Association of Software and Services Companies president Som Mittal congratulated HCL in a media statement on Monday.
"We congratulate HCL for this landmark engagement. The Indian IT-BPO industry is increasingly focused on expanding into less penetrated verticals through innovative business models. This deal reinforces the fact how global sourcing helps economies to take advantage of talent, new opportunities which will help revive the current economic situation," Mittal said in the statement.
HCL would also take a number of RDA employees on its rolls, as per the seven-year deal. The deal comes amid the Indian IT industry struggling to clinch big outsourcing deals due to the current global financial crisis.
RDA senior vice president for global operations (IT and business redesign) Al Perruzza said, "IT is a key enabler to our business. We expect that HCL will bring down cost of operations significantly, while improving services and bringing technology and capabilities to transform our IT functionality and service."
