HCL Technologies (HCL), wins a $200 million, outsourcing contract with Skandia UK   8th January 2007 HCL Technologies (HCL), the IT services provider, has won a $200 million, multi-service, five-year contract with Skandia UK , the provider of long-term savings solutions. As part of the deal, Skandia UK will outsource application optimisation, including development, maintenance and support (across all platforms) and remote infrastructure management to HCL.  Skandia UK will retain all customer-facing activities. HCL will enable and accelerate Skandia UK 's move to a more agile infrastructure that will make the savings provider more competitive.  The new architecture will deliver productivity improvements and gains guided by an extensive service level agreement ( SLA ) and periodic external benchmarking. 250 Skandia UK roles will be transferred to HCL and HCL will work with this team to ensure a smooth transition.  This will be augmented by one of HCL's leading offshore insurance industry delivery centres based in Chennai. Nick Poyntz-Wright, CEO, Skandia UK says: “The deal with HCL will enable us to have the scalable IT required to grow our business, develop our products and support the key services provided by our customer support team in the UK.  We looked very carefully at a range of options and HCL offered the capability and flexible capacity for our business going forward.” Stuart Drew, Senior Vice President, HCL, explains: “This is another watershed deal for HCL in UK financial services. This Managed Services deal was won against a shortlist of Western multi-nationals and demonstrates our domain expertise, flexibility and innovative, value-centric approach to enabling transformation for our customers.” Vineet Nayar, President, HCL Technologies commented on the deal: “This deal is the latest in a series of large-scale wins for HCL.  Like DSG International, Autodesk and Teradyne before it, this contract with Skandia UK demonstrates our promise of delivering significant value-add transformational deals.
About Us Privacy Policy Contact Us Copyright © 2006 FSN Publishing Limited. All Rights Reserved. Use of this website signifies your agreement to the Terms of Use.