HCL Technologies inks deal with Mysis

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New Delhi, Oct 30: HCL Technologies Ltd (HCL) today inked an agreement with British software group Misys Plc to jointly market its banking and treasury and capital markets solutions in India, Singapore and Malaysia.

''We have selected Misys as our software vendor because of their track record and deep understanding of the financial services software market,'' HCL Technologies Ltd Chairman and Chief Strategy Officer Shiv Nadar told reporters here.

Both the companies will jointly create a upgrade solution centre to expedite upgrades, he added.

Misys already was big clients in the treasury and capital business in the country including HDFC and IndusInd bank.

HCL and Misys will jointly market solutions, including Misys Opics, Misys Trade Innovation, Misys Summit and Misys Trade Portal, thus enabling Misys to increase its share in this fast growing market. A similar arrangement is also in place for HCL and Misys to work together in Malaysia and Singapore.

''India is experiencing strong growth and analysts anticipate IT spend in the banking sector will continue to grow at up to 20 per cent per year,'' company said in a statement.

Misys provides integrated, comprehensive solutions to organisations in the financial services and helathcare industries. It has over 1,200 customers including world's top 50 banks.

In healcare, it is serving more than 1,10,000 physicians in 18,000 practice locations and 600 home care providers. It employs around 4,500 people in more than 120 countries.


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