HCL bags $300-mn Finnish deal | business | Hindustan Times
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HCL bags $300-mn Finnish deal

Software services major HCL Technologies bagged a $300 million (Rs 1,500 crore) five-year outsourcing deal from UPM — a Finland-based industrial conglomerate with interests in energy, paper and engineered materials.

business Updated: Mar 07, 2012 21:50 IST
HT Correspondent

Software services major HCL Technologies bagged a $300 million (Rs 1,500 crore) five-year outsourcing deal from UPM — a Finland-based industrial conglomerate with interests in energy, paper and engineered materials.

The deal involves outsourcing of IT infrastructure to HCL Tech wherein it will provide data centre, end user support, network services and professional IT services to UPM. “HCL has proven experience in delivering complex, end-to-end outsourcing engagements to globally dispersed organisations,” said Anant Gupta, president (infrastructure services division), HCL Technologies.

“With this engagement, we aim to increase scalability and flexibility as well as ensure access to world class competences and best practices,” UPM chief information officer, Turkka Keskinen said in a statement. Around 250 UPM employees are expected to move to HCL by the end of August. HCL will also set up a data centre in Finland.