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HCL Tech in $500m deal

Calcutta, May 4: HCL Technologies has signed a five-year IT management deal worth $500 million with US-based pharmaceutical giant MSD.

According to the agreement, HCL will provide a range of services, including software-led IT solutions, remote infrastructure management, engineering and business and knowledge process services.

In a statement to the bourses, HCL said the deal would help it to extend its relationship with MSD that dated back to 2004.

“For five years, MSD has leveraged HCL’s expertise in life sciences and healthcare to streamline operational efficiencies and consolidate its IT portfolio,” MSD vice-president (application services) Richard G. Branton said.

MSD will leverage HCL’s near-shore delivery network in the US. As part of the deal, HCL will expand its US team in North Carolina, relying on local hires to execute projects.

However, the company did not give any guideline on how it would hire exclusively for a particular project.

Mahindra Satyam pact

Mahindra Satyam today announced the signing of an off-shoring deal with BASF IT Services, which is among the leading IT service providers for the process industry in Europe.

The deal was awarded to Mahindra Satyam following a competitive bidding process. It is aimed at enhancing BASF’s capacity to provide managed services for the company’s extensive installed base of SAP, messaging and groupware as well as user administration.

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