Merck Outsources IT-Services to HCL in a $500 Million Deal

Source: The Economic Times, Mumbai, 05.05.2010, p. 7

INDIA’S fifth-largest IT services company HCL Technologies on Tuesday bagged a $500-million strategic IT outsourcing contract from the US-based Merck Sharp and Dohme (MSD). The pact with one of the largest drug makers in the world may indicate the return of the large-ticket deals in the Indian IT sector. ]…]

Merck will leverage HCL’s near-shore delivery network in North Carolina and global delivery centres in Krakow (Poland) and Shanghai. HCL plans to hire US citizens to boost its onshore delivery for Merck in its centre in Raleigh. […]

The Noida based company will provide BPO services, remote infrastructure management (RIM), and enterprise application development for Merck, over the next five years, as part of the deal. HCL Technologies expects revenues from the Merck deal to start flowing from this quarter onwards. Healthcare and Lifesciences contributed almost 8% to HCL Technologies’ $685 million revenues, for the January to March period, this year.

Multinational pharma majors like Pfizer, Novartis and GlaxoSmithkline already outsource to Indian IT service providers like Infosys, TCS, HCL and Wipro. […]

Tags: , , , , , , , ,

Comments are closed.