21 February 2018
visit www.ebaday.com

HCL Infosystems buys Natural Technologies

08 May 2008  |  2922 views  |  0 Source: HCL Infosystems

HCL Infosystems, India's premier information enabler, leading ICT System Integrator and Distribution Company today announced the acquisition of Natural Technologies Pvt Ltd (NTPL) a niche banking software product Company.

With 3 decades of providing ICT Infrastructure solutions and services into the BFSI sector across the country, the acquisition of niche products from NTPL, will further consolidate HCL's leadership position in this sector.

 

NTPL with over 10 years of developing software products for Indian banking sector has over 30 clients from PSU, Private sector, Cooperative sector and Regional Rural sector banks.

 

Announcing the acquisition, Mr. J V Ramamurthy, Chief Operating Officer, HCL Infosystems said: "This acquisition will strengthen our range of offerings into the BFSI segment and is part of our vision of a "Transforming HCL". He further added that HCL will be developing the facility at Jaipur into a Banking "Center of Excellence". This center will build products for the Cooperative and Rural banking sector and the newly emerging financial inclusion sector."

 

Commenting on the acquisition, Mr. Ripu Dhaman, Managing Director, NTPL said: "This is a major collaboration between HCL Infosystems and NTPL that will reinforce HCL's focus on System Integration in the BFSI domain through our niche banking infrastructure and bilingual solutions. We are a niche player in the banking software-related product segment and there exist great synergies between us and HCL in the BFSI segment. NTPL's product range will enhance HCL's existing range of offerings."

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
Visit https://www.capgemini.comVisit http://info.nice.comvisit www.ebaday.com

Top topics

Most viewed Most shared
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
10118 views comments | 15 tweets | 13 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
9713 views 10 comments | 22 tweets | 26 linkedin
Coinbase and Visa at loggerheads over erroneous charges on customer crypto accountsCoinbase and Visa at loggerheads over erro...
8478 views comments | 13 tweets | 12 linkedin
BBVA-backed digital banking startup targets gig economy workersBBVA-backed digital banking startup target...
7147 views comments | 8 tweets | 12 linkedin
hands typing furiouslyMaking Customer Experience Your Business
6853 views 0 | 7 tweets | 5 linkedin

Featured job

Competitive
Germany, Austria or Switzerland

Find your next job