HCL Technologies to fuel Singapore Exchange in $110m infrastructure deal

03rd October 2010
HCL Technologies to fuel  Singapore Exchange in  $110m infrastructure deal
Virender Aggarwal, executive vice president HCL Technologies for APAC and MEA ( inset) and the new symbol on Singapore’s skyline, the Marina Bay sands

IT services leader, HCL Technologies has signed one of the largest contracts won by any Indian IT company in Singapore: a five-year infrastructure outsourcing agreement with Singapore Exchange (SGX), worth $110 million.

HCL Tech will provide SGX with infrastructure support and management services including SGX‟s Reach initiative, which is aimed at creating the world‟s fastest trading engine; establishing state-of-the-art data centre offering co-location facilities and seamlessly connecting trading communities across the global financial hubs to Singapore.

The company already has its 700-strong regional headquarters based out of Singapore, which caters to markets stretching from Japan to the Middle East and Africa. Virendra Aggarwal, HCL Technologies’ Executive Vice Presidet for Asia Pacific, and Middle East, says: “At a time when Singapore is increasingly positioning itself as a global city with a shared services hub for financial institutions, HCL sees increasing opportunities for itself within the country. Increased IT spending within the financial services, government and telecom sectors are providing many opportunities for HCL here at Singapore.” A big advantage he added, is the commitment of the Singapore government in leveraging IT as a strong enabler of its objectives for better functioning and simplifying the lives of its citizens. “The Singapore government’s approach to IT is something which every other government should consider emulating”
October 3 2010