Everest Group Recognizes HCL as a Leader and Star Performer in Life Sciences IT Outsourcing Marke

Nov. 26, 2013 - PRLog -- Sunnyvale, CA and Noida, India – November 26, 2013 — HCL Technologies (http://www.hcltech.com/), a leading global IT services company today announced that it has been recognized as a “Leader” and “Star Performer” category in life sciences IT outsourcing by leading advisory and research firm Everest Group in its report, “IT Outsourcing in Life Sciences Industry Service Provider Landscape with PEAK Matrix™ Assessment and Profile Compendium 2013 (https://research.everestgrp.com/Product/EGR-2013-12-R-0970/IT-Outsourcing-in-Life-Sciences-Industry-Service-Provider-Lan).

HCL was recognized for its continual growth on a large scale, and for its significant investment in life science proprietary solutions.

This report assesses 14 ITO service providers in the life sciences vertical with a focus on large (TCV>US$25 million), annuity based, and multi-year (>3 year) application outsourcing relationships. The service providers were mapped on the Everest Group’s performance, experience, ability, knowledge (PEAK) Matrix, a composite index of range of distinct metrics related to provider’s capability and market success across two key dimensions – market success measured by the number, scale and growth of large life sciences ITO contracts and delivery capabilities measured by scale of operations, scope, enabling domain investments, and delivery footprint.

“The Life Sciences industry is keenly adopting next-generation IT with an eye on enabling strategic initiatives," said Jimit Arora, Vice President of Everest Group. "HCL’s investments in its services portfolio and domain solutions have created success in large, multi-year IT service contracts for life sciences customers. HCL not only continued to maintain its position as a Leader on the PEAK Matrix but also enhanced its capabilities and achieved above average growth to be a Star Performer.”

R Srikrishna, President – Infrastructure Services and Life Sciences & Healthcare, HCL said, “Everest recognition is a great acknowledgement of HCL’s strong momentum and success in its life sciences business, resulting from our strong focus on solution development and significant pharma deal wins in the application, infrastructure and ERP space globally. During the last financial year HCL’s healthcare and life sciences posted incremental revenue of 45.2%, which is way ahead when compared to the other leading operating players for the same time period”.

HCL is a partner of choice for 9 out of the top 10 leading pharmaceutical companies across the globe. HCL’s dedicated Life Sciences practice provides a complete range of services spanning the entire Pharma value chain, creating new propositions and innovative solutions for its clients. HCL’s deep domain expertise, historical R&D experience, outcome-based partnerships with global giants, and diverse geographical outreach, has enabled its customers achieve the objectives of their ‘run’, ‘improve’ and ‘transform’ initiatives.

About HCL Technologies

HCL Technologies is a leading global IT services company working with clients in the areas that impact and redefine the core of their businesses. Since its emergence on global landscape after its IPO in 1999, HCL has focused on 'transformational outsourcing', underlined by innovation and value creation, offering an integrated portfolio of services including software-led IT solutions, remote infrastructure management, engineering and R&D services and Business services. HCL leverages its extensive global offshore infrastructure and network of offices in 31 countries to provide holistic, multi-service delivery in key industry verticals including Financial Services, Manufacturing, Consumer Services, Public Services and Healthcare & Life sciences. HCL takes pride in its philosophy of 'Employees First, Customers Second' which empowers its 87,196 transformers to create real value for the customers. HCL Technologies, along with its subsidiaries, had consolidated revenues of US$ 4.8 billion, as on September 30th 2013 (on LTM basis). For more information, please visit www.hcltech.com

Forward-looking Statements

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Contact Details

HCL America Inc.

Avena Suri

Avena.suri@hcl.com

Matter Communications

Andrea Dunbeck

adunbeck@matternow.com