HP clinches $236 mn outsourcing deal
Under the 10-year agreement, HP is to manage Avago's technology operations encompassing software applications.india Updated: Apr 13, 2006 14:02 IST
Hewlett-Packard's subsidiaries in Singapore, India and Malaysia will serve as the nerve centres of a new $236 million outsourcing deal signed on Thursday with semiconductor firm Avago Technologies.
Under the 10-year agreement, HP is to manage Avago's technology operations encompassing software applications and other parts of its information technology infrastructure including servers, storage systems, voice and data networks. Avago previously operated as the semiconductor arm of US-based Agilent Technologies.
"This is clearly one of the largest outsourcing deals we have won in the Asia-Pacific region," Ganesh Ayyar, vice president of HP managed services said.
With Asia constituting the bulk of Avago's global presence, HP's subsidiaries in Singapore, India and Malaysia will serve as the three key hubs for the fulfilment of the agreement, said Ayyar.
HP's operations in Kuala Lumpur will focus on the delivery of services such as helpdesk support, remote monitoring and network management. India will serve as the application hub for the deal, added Ayyar.
"The overall governance of this deal will be from Singapore," the vice president told the newspaper. Singapore accounts for nearly half of Avago's worldwide production capacity. Malaysia makes up the remainder.
HP has also struck services deals with other Asian companies such as India's Bank of Baroda, the Bank of India, and the China Development Bank.
First Published: Apr 13, 2006 14:02 IST