HCL signs mega outsourcing deal with Saudi's Al Majdouie Group
IT services firm HCL Technologies today said it has signed a "mega" outsourcing agreement with Saudi Arabia's Al Majdouie Group to provide end-to-end services for a period of seven years for an undisclosed sum.
The scope of the deal includes developing infrastructure, implementing Oracle's e-business suite with over 70 modules and managing and running them; and commissioning and managing a data centre and disaster recovery services, HCL said in a statement.
HCL said its end-to-end IT services would enable the Al Majdouie Group, having interests in the transportation, steel, automobiles, real estate and travel businesses, to streamline business processes and integrate seamlessly across all group companies.
The IT services firm said it would require to blend all its outsourcing strengths -- applications and infrastructure capabilities, industry knowledge and expertise -- to help Al Majdouie achieve fundamental transformation at the enterprise level.
"We are confident of delivering significant cost efficiencies and business benefits to Al Majdouie Group," HCL Technologies Infrastructure Services Division Senior Vice-President Kiran Bhagwanani said.
When contacted, a company spokesperson, however, declined to divulge the size of the deal, saying, "We will not reveal that. It's confidential. But, its a mega deal."
HCL Technologies had in June inked an outsourcing agreement worth USD 110 million with the Singapore Exchange for a period of five years.
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