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HCL Putting Money Where the Business Analytics Growth Is

August 15, 2011 No Comments

SOURCE: Information Management

August 15, 2011 – Indian software provider HCL Technologies states it will put $1 billion toward the creation of a new business analytics division, expanding its reach in a market experiencing double-digit annual growth.

The BI and analytics service lines have been among the fastest growing in recent years at the company, says Avena Suri, external communications officer for HCL America. The added push in the business analytics market – run under the umbrella of HCL’s Enterprise Transformation Services Division – will aim in particular at application software and services for customer experience, risk management and fraud, and enterprise data management, Suri says. In addition, senior leaders at HCL are leading the launch of certain industry-specific analytics solutions, according to HCL executive Vikram Duvvoori.

Traditionally, HCL Technologies sells software and services for outsourcing, infrastructure management, engineering and BPO, focusing on financial services, manufacturing, customer service, public services and health care. As half of parent company HCL Enterprise, which is valued at $5.9 billion, HCL Technologies has revenues of about $3.5 billion and offices in 26 countries.

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