New Delhi, Dec 12, 2005: NEC Corporation, Japan, world’s leading
provider of internet, broadband network and enterprise business
solutions and HCL Technologies Limited (HCL), India’s leading IT
products and services company, inaugurated their new facility- NEC
HCL System Technologies Limited- in Noida today. NEC and HCL had
announced this first major partnership in June where a Japanese
Technology giant and one of the largest IT groups of India came
together to form a JV focused on Japan business.
With a capital of US $ 5 mn, this state-of-art facility spread
over 20,000 sq ft at Logix Techno Park, Noida, will provide a
single window view over all the NEC HCL operations in high end
offshore led software engineering solutions in network &
security, embedded software, hardware design, R&D, high
performance computing and mobile technology.
The senior delegation from NEC and HCL led by Toshihiko
Takahashi, President, NEC System Technologies, Ltd. and Executive
Vice President, NEC Corporation and Iwao Fuchigami, Senior Vice
President and Board Member of NEC Corporation, Vineet Nayar,
President, HCL Technologies inaugurated the landmark JV center- NEC
HCL System Technologies center in Noida.
Speaking during the inauguration, Toshihiko Takahashi,
President, NEC System Technologies, Ltd. and Executive Vice
President NEC Corporation., said “India being the powerhouse of
software excellence and a major destination for Japanese investment
in sectors like telecom and information technology, we believe
working with an Indian IT giant like HCL will be able to value add
to our business and contribute to our growth strategy”.
NEC & HCL will kick start their operations with a core team
of 50 people comprising the new technical talent. The senior
leadership team led by CEO, Anil Gupta, CTO, Anup Dutta and the
Advisory Committee with representation from the top management from
each partner will be formed to set the future direction of the
company. The company is planning to ramp up their team to strength
of 150 by 2006 and 300 by the end of 2007.
“We are proud to be associated with NEC; this is our first step
in the direction of a long and fruitful relationship and we are
confident that HCL will have a strong platform to strengthen its
global presence and have wider access to Japan’s IT market, which
is one of the world’s larger and more complex markets,” said Vineet
Nayar, President, HCL Technologies.
About NEC Corporation
NEC Corporation (NASDAQ: NIPNY) (FTSE: 6701q.l) is one of the
world's leading providers of Internet, broadband network and
enterprise business solutions dedicated to meeting the specialized
needs of its diverse and global base of customers. Ranked as one of
the world's top patent-producing companies, NEC delivers tailored
solutions in the key fields of computer, networking and electron
devices, by integrating its technical strengths in IT and Networks,
and by providing advanced semiconductor solutions through NEC
Electronics Corporation. The NEC Group employs more than 140,000
people worldwide and had net sales of 4,855 billion yen (approx.
$45.4 billion) in the fiscal year ended March 2005. For additional
information, please visit the NEC home page at: http://www.nec.com.
* Newsroom: http://www.nec.co.jp/press/en/newsroom/index.html
About NEC System Technologies, Ltd.
NEC System Technologies, Ltd., a subsidiary of NEC Corporation,
has over 3,600 employees and plays a vital role in software
development & system integration services in NEC group. With
core competencies in IT platform software development, NEC System
Technologies offers a unique combination of products and services
that draw on the synergy between IT platform software development
and system integration technologies. Aiming to be the "System
Technology Innovator", NEC System Technologies Ltd. strives to
pursue advanced technologies and generate the synergy of IT
platform software development & system integration
services.
About HCL Technologies
HCL Technologies is one of India’s leading global IT Services
Company, providing software- led IT solutions, BPO and Remote
Infrastructure Management services. Making a foray into the
services domain in 1997-98, HCL Technologies focuses on technology
and R&D outsourcing, working with clients in areas at the core
of their business. The company leverages an extensive offshore
infrastructure and its global network of 26 offices in 15 countries
to deliver solutions across select verticals including Banking,
Insurance, Retail & Consumer, Aerospace, Automotive,
Semiconductors, Telecom and Life Sciences. For the twelve month
period ended 30th September 2005, HCL Technologies along with its
subsidiaries had revenues of US $ 814 million (Rs.3,584cr) and
employed 26,285 professionals. For more information, please visit
www.hcltech.com
About HCL Enterprise
HCL Enterprise is a leading Global Technology and IT enterprise
with annual revenues of US $2.7 billion (Rs.12,000 cr). The HCL
Enterprise comprises two companies listed in India - HCL
Technologies & HCL Infosystems. The 3-decade-old enterprise,
founded in 1976, is one of India’s original IT garage start-ups.
Its range of offerings span Product Engineering, Enterprise and
Application Consulting Services, BPO, Infrastructure Services, IT
Hardware, Systems Integration, and Distribution of Technology and
Telecom Products. The HCL team comprises 30,000 professionals of
diverse nationalities, who operate from 15 countries including 300
points of presence in India. HCL has global partnerships with
several leading Fortune 1000 firms, including leading IT and
Technology firms. For more information please visit www.hcl.in
Other product or service names mentioned herein are the trademarks
of their respective owners
Forward Looking Statements
Certain statements in this release are forward-looking
statements, which involve a number of risks, and uncertainties that
could cause actual results to differ materially from those in such
forward-looking statements. The risks and uncertainties relating to
these statements include, but are not limited to, risks and
uncertainties regarding fluctuations in earnings, our ability to
manage growth, intense competition in IT services including those
factors which may affect our cost advantage, wage increases in
India, our ability to attract and retain highly skilled
professionals, time and cost overruns on fixed-price, fixed-time
frame contracts, client concentration, restrictions on immigration,
our ability to manage our international operations, reduced demand
for technology in our key focus areas, disruptions in
telecommunication networks, our ability to successfully complete
and integrate potential acquisitions, liability for damages on our
service contracts, the success of the companies/ entities in which
we have made strategic investments, withdrawal of governmental
fiscal incentives, political instability, legal restrictions on
raising capital or acquiring companies outside India, and
unauthorized use of our intellectual property and general economic
conditions affecting our industry. The company does not undertake
to update any forward-looking statement that may be made from time
to time by or on behalf of the company.