HCL Technologies & MISYS Sign Landmark Deal In India

HCL Technologies Ltd (HCL) has informed that the Company and Misys plc on October 30, 2007 announced a strategic partnership to open new markets and drive innovation, quality improvements and speed to market for key Misys financial services solutions in high growth economies.There are three key elements to this winning partnership:1. HCL selects Misys as its preferred banking software partner2. Joint creation of an upgrade solution centre to expedite upgrades3. Flexible global sourcing model for development to improve quality and speed to marketand gain access to HCLs world leading business processes and skills1. Misys will be HCLs preferred banking software partner and the two Companies will jointly market Misys award winning banking and treasury & capital markets solutions in India, Singapore and Malaysia. This is a landmark announcement enabling both Companies to gain market share in fast growing economies.2. Misys and HCL together will create an upgrade solution centre to leverage world class professional services skills and technical tools in order to more rapidly migrate customers to the latest versions of Misys software. Misys is experiencing demand for its award-winning financial services products and working with HCL will enable Misys customers globally to benefit from rapid access to the very latest products. 3. Misys has selected HCL as a preferred strategic development partner. Misys is establishing a flexible, global sourcing model for development and leveraging the expertise and capabilities of partners such as HCL, in addition to the growing Misys India development centre.