HCL Inks partnership with Konica Minolta

Released on = July 16, 2007, 1:44 am

Press Release Author = HCL Technologies

Industry = Software

Press Release Summary = New Delhi, July 11th, 2007 - HCL Technologies Ltd ("HCL"),
the global IT services provider, today announced the opening of an Offshore
Development Centre in Chennai with Konica Minolta Group (KM), a global corporation
in the field of imaging from input to output, to provide software services for KM's
Multi Function Peripherals (MFPs), printers and medical equipment business lines.
The software services provided by HCL will support the Japanese language in order to
communicate accurately with KM's researchers.

Press Release Body = New Delhi, July 11th, 2007 - HCL Technologies Ltd ("HCL"), the
global IT services provider, today announced the opening of an Offshore Development
Centre in Chennai with Konica Minolta Group (KM), a global corporation in the field
of imaging from input to output, to provide software services for KM's Multi
Function Peripherals (MFPs), printers and medical equipment business lines. The
software services provided by HCL will support the Japanese language in order to
communicate accurately with KM's researchers.

The contract is of 3 years duration and extendable thereafter every year in which
the 5 business companies of KM will outsource Product Engineering work to HCL.
Presently for Konica Minolta Medical & Graphics, Inc. (KMMG), HCL is developing,
maintaining, globally supporting and performing R&D for the application and embedded
software of their Computed Radiography (CR) product line. While with Konica Minolta
Business Technologies, Inc. (KMBT), HCL will be developing, maintaining and
performing R&D for the application and embedded software of their complete range of
MFPs and printers. .

Mr. Masatoshi Matsuzaki, President Konica Minolta Technology Center, Inc. and
Executive Director, Konica Minolta Holdings, Inc. says: "This partnership represents
a milestone in the growing cooperation in the last three years between Konica
Minolta and HCL as need for software development evermore expands. The new Offshore
Development Centre in Chennai will surely play an important role in securing
necessary software services for us. We are impressed with HCL's capabilities and
have confidence that this partnership will lead to accelerating our product
development and to launching innovative products to our worldwide customers.

Mr. Selvatharasu Sadagoparamanujam - President and Representative Director - HCL
Japan Ltd (a wholly owned subsidiary of HCL) commented on the deal: "After
successfully foraying into the US and other geographies, Japan is the next market
that HCL is looking on to sign big partnerships such as our agreement with Konica
Minolta. HCL expects around US $ 30 million worth of business in 3 years through
this deal. This partnership with KM is a perfect fit in our Life Sciences
(Equipment) strategy and will boost our new micro-vertical for Printers and MFPs."

"Our capabilities for sustaining long term relationships have been among the best
with partnerships with companies like Toshiba, NEC, CISCO etc. Coupled with this,
HCL is also a leader in the Technologies and Product development domain, which will
enable us to establish a successful long-term partnership with KM" he added.

HCL's Japan Business Units based in Chennai and Noida will provide the necessary
Japanese support for fulfilling this partnership.HCL will develop software for
Konica Minolta's innovative products to be distributed to the global market.


About Konica Minolta
Konica Minolta Group offers diverse products and services for new digital imaging
environments in a wide range of fields. Its business domain is broad, including
office equipment, optical devices, medical imaging, graphic imaging and measuring
instruments. Its largest office equipment business sector consecutively offers MFPs
and printers with advanced network document solutions, taking advantage of its
strengths in high-speed, color and networking technologies.
At Konica Minolta Technology Center, Inc., we are actively developing unique and
cutting-edge technologies that will expand the world of imaging, on the basis of
proprietary materials, optical, nano-fabrication and imaging technologies.
Phosphorescent materials and OLED devices are examples of the notable development
activities underway with potential for use in various applications. Konica Minolta\'s
core technologies are being applied in the development of many other next generation
display components and ubiquitous imaging equipment. Visit Konica Minolta at
http://konicaminolta.com

About HCL Technologies Ltd.
HCL Technologies is one of India\'s leading global IT Services companies, providing
software-led IT solutions, remote infrastructure management services and BPO. Having
made a foray into the global IT landscape in 1999 after its IPO, HCL Technologies
focuses on Transformational Outsourcing, working with clients in areas that impact
and re-define the core of their business. The company leverages an extensive global
offshore infrastructure and its global network of offices in 17 countries to deliver
solutions across select verticals including Financial Services, Retail & Consumer,
Life Sciences & Healthcare, Hi-Tech & Manufacturing, Telecom and Media &
Entertainment (M&E). For the quarter ended 31st March 2007, HCL Technologies, along
with its subsidiaries had last twelve months (LTM) revenue of US $ 1.27 billion (Rs.
5,675 crores) and employed 40,149 professionals. For more information, please visit
www.hcltech.com
About HCL Enterprise
HCL Enterprise is a leading Global Technology and IT enterprise that comprises two
companies listed in India - HCL Technologies Ltd & HCL Infosystems Ltd. The
3-decade-old enterprise, founded in 1976, is one of India\'s original IT garage
start-ups. Its range of offerings span from Product Engineering, Custom & Package
Applications, BPO, IT Infrastructure Services to IT Hardware, Systems Integration,
and distribution of ICT products. The HCL team comprises approximately 45,000
professionals of diverse nationalities, who operate from 17 countries including 360
points of presence in India. HCL has global partnerships with several leading
Fortune 1000 firms, including leading IT and Technology firms. For more information,
please visit www.hcl.in
Forward-looking Statements
Certain statements in this release are forward-looking statements, which involve a
number of risks, and uncertainties that could cause actual results to differ
materially from those in such forward-looking statements. The risks and
uncertainties relating to these statements include, but are not limited to, risks
and uncertainties regarding fluctuations in earnings, our ability to manage growth,
intense competition in IT services including those factors which may affect our cost
advantage, wage increases in India, our ability to attract and retain highly skilled
professionals, time and cost overruns on fixed-price, fixed-time frame contracts,
client concentration, restrictions on immigration, our ability to manage our
international operations, reduced demand for technology in our key focus areas,
disruptions in telecommunication networks, our ability to successfully complete and
integrate potential acquisitions, liability for damages on our service contracts,
the success of the companies / entities in which we have made strategic investments,
withdrawal of governmental fiscal incentives, political instability, legal
restrictions on raising capital or acquiring companies outside India, and
unauthorized use of our intellectual property and general economic conditions
affecting our industry. The company does not undertake to update any forward-looking
statement that may be made from time to time by or on behalf of the company.





Web Site = http://

Contact Details =
Neha Sharma
Genesis Burson Marsteller
Tel: +91-9811613864
e-mail: neha.sharma@bm.com Meena Vaidyanathan
HCL Technologies Ltd
+91-9818665523
e-mail: meenav@hcl.in

  • Printer Friendly Format
  • Back to previous page...
  • Back to home page...
  • Submit your press releases...
  •