HCL Technologies inks pact with VELUX Group for its digital transformation; stock adds ~1%

26 May 2022 , 03:14 PM

HCL Technologies Limited (HCL) announced that it has signed an end-to-end IT services transformation agreement with the VELUX Group, the leading manufacturer of roof windows.

HCL Technologies has agreed to deliver a cloud-first, user-centric digital transformation program for the VELUX Group, adopting business-driven automation to modernize its applications and infrastructure landscape. This will speed up the VELUX Group’s digital transformation journey, underpinned by cloud migration and application modernization.

An integrated, output-based and future-proofed global IT operating model will fuel innovation and IT excellence by improving agility, efficiency, and scalability.

“We are thrilled to join hands with the VELUX Group on its transformation journey, helping the organization to stay ahead of the rapidly evolving global IT market,” said Pankaj Tagra, Corporate Vice President and Nordic & DACH Head of HCL Technologies.

“We look forward to fastening our global IT transformation journey with HCL Technologies’ support,” says Jesper Frederiksen, Vice President of IT and Digital Enablement, VELUX Group.

At around 3.26 PM, HCL Technologies was trading at Rs981.20 up by Rs6.8 or 0.7% from its previous closing of Rs974.40 on the BSE. The scrip touched intraday high and low of Rs986 and Rs969.10 respectively.