HCL bags UK-based Skandia $200 mln deal

New Delhi, Dec 20 (UNI) HCL Technologies Ltd today announced a 200 million dollar, multi-service, five-year contract with UK-based Skandia, a leading independent provider of long-term savings solutions.

As part of the deal, Skandia will outsource application optimisation, including development, maintenance and support (across all platforms) and remote infrastructure management to the company.

Skandia will retain all customer-facing activities.

''The deal is the latest in a series of large-scale wins for HCL.

Like DSG international, Autodesk and Teradyne before it, this contract with Skandia demonstrates our premise of delivering significant value-added transformational deals,'' HCL President Vineet Nayar said.

Our focus on these multi-service, value-centric arrangements remains consistent and we are very pleased to count Skandia amongst our top customers, he added.

The new architecture will deliver productivity improvements and gains guided by an extensive service level agreement (SLA) and periodic external benchmarking.

The deal will be augmented by Skandia's leading offshore insurance industry delivery centres based in Chennai.

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