HCL Technologies and Misys plc announce strategic partnership for India   5th November 2007 HCL Technologies and Misys plc have announced a strategic partnership to open new markets and drive innovation, quality improvements and speed to market for key Misys financial services solutions in high growth economies. Misys will be HCL's preferred banking software partner and the two companies will jointly market Misys' banking and treasury & capital markets solutions in India , Singapore and Malaysia . India is experiencing strong growth and analysts anticipate IT spend in the banking sector will continue to grow at up to 20% per year. The majority of software decisions in India are won by local players, and HCL is one of India 's leading global IT services companies with a very strong footprint. HCL and Misys will jointly market Misys' solutions, including Misys Opics, Misys Trade Innovation, Misys Summit and Misys Trade Portal. This will enable Misys to increase its share in this fast growing market. A similar arrangement is also in place for HCL and Misys to work together in Malaysia and Singapore . Shiv Nadar, Chairman and Chief Strategy Officer, HCL Technologies Ltd. comments: “This is an exciting day for HCL, we have selected Misys as our preferred software vendor because of their track record and deep understanding of the financial services software market. Misys' solutions coupled with our proven business process expertise and market position make this a strong combination that will drive value for financial institutions in India and other key growth economies. In addition having Misys put their trust in us for services and development capability is a great endorsement of our strategy to deliver value add services for key global players.”
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