20 September 2017
Visit http://response.ncr.com

HCL Infosystems buys Natural Technologies

08 May 2008  |  2883 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)
download the paper nowvisit www.vasco.comvisit www.sibos.com

Top topics

Most viewed Most shared
JPMorgan Chase chief says he would fire traders dealing in bitcoin for stupidityJPMorgan Chase chief says he would fire tr...
10546 views comments | 16 tweets | 29 linkedin
Equifax hack: Visa and Mastercard flag 200k compromised credit cardsEquifax hack: Visa and Mastercard flag 200...
10117 views comments | 6 tweets | 17 linkedin
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
9600 views comments | 21 tweets | 39 linkedin
Dutch bank sentences teenage DDoS culprit to community serviceDutch bank sentences teenage DDoS culprit...
9023 views comments | 6 tweets | 3 linkedin
UAE banks pool cyber security dataUAE banks pool cyber security data
7461 views comments | 5 tweets | 4 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job