HCL to Incorporate Adaptec’s Technology Center in Bangalore

Adaptec Inc. announced a strategic agreement with HCL Technologies Limited that will significantly bolster Adaptec’s global engineering capabilities, provide access to HCL’s comprehensive IT technology portfolio, allow for greater engineering flexibility and augment Adaptec engineering resources based in the U.S. and Germany. 

Under the terms of the agreement, Adaptec will retain ownership of all intellectual property (IP) developed, and HCL will integrate Adaptec’s India Technology Center (ITC) in Bangalore, India into its operations and assume responsibility for the management of Adaptec engineering programs assigned to that location.

“Our strategic alliance with HCL Technologies allows Adaptec to operate an enhanced India-based engineering team as a true ODC (offshore development center). This gives us the potential for improved productivity by better streamlining overhead costs and increasing our ability to scale our engineering teams on demand,” said S. “Sundi” Sundaresh, president and chief executive officer, Adaptec Inc. “In addition, HCL Technologies’ impressive array of technology capabilities offers Adaptec the opportunity to seamlessly infuse additional engineering resources and experiences into our development teams that can lead to additional product innovation.”

As part of this alliance, Adaptec ITC employees transferred to HCL will continue to work exclusively on Adaptec engineering projects. HCL will have additional engineers work with the Adaptec team to ensure a seamless transition and, where and when appropriate, will provide access to HCL’s expansive information technology experience. Adaptec will also have the flexibility to add HCL engineers, as needed. The agreement does not affect the timing and deliverables of any current engineering projects at the Adaptec ITC. Moving forward, the engineering team will contribute to the development of a wide range of Adaptec technologies and products.

“We are pleased to enter into a strategic engineering agreement with Adaptec and welcome its team of India-based engineers into the HCL organization,” said Shami Khorana, president of HCL America. “This agreement is not only proof of our commitment to leverage modular capabilities to engage across the value chain, it is also the beginning of a new chapter in the evolution of offshore product development and yet another illustration of our collaborative engagement with our customers.”
 “HCL is one of the world’s best engineering services companies and they have completed development projects for many companies.  We are extremely pleased with their quality of work, attention to technical detail and ability to meet milestone dates,” said Jim Schmidt, vice president of engineering, Adaptec Inc. “Because Adaptec has worked with HCL on previous engineering projects, we are confident in their level of expertise and anticipate the continued synergy in our go-forward business strategies.”
 
About HCL Technologies
HCL Technologies is one of India’s leading global IT services companies, providing software-led IT solutions, remote infrastructure management services and BPO.  Having made a foray into the global IT landscape in 1999 after its IPO, HCL Technologies focuses on Transformational Outsourcing, working with clients in areas that impact and re-define the core of their business. The company leverages an extensive global offshore infrastructure and its global network of offices in 18 countries to deliver solutions across select verticals including Financial Services, Retail & Consumer, Life Sciences & Healthcare, Hi-Tech & Manufacturing, Telecom and Media & Entertainment (M&E).  As of March 31, 2008, HCL Technologies, along with its subsidiaries, had last twelve months (LTM) revenue of U.S. $1.8 billion (Rs. 7083 crores) and employed 49,802 professionals.