HCL signs up with Korea's HANCOM for global expansion, tech solutions
Indian IT services firm HCL Technologies has
said it has signed a strategic partnership with HANCOM Inc., a South Korean
software company, to share technology solutions and work for "overseas
expansion".
HCL will support training for software development at HANCOM’s in
India research and development centre, which was established in 2016.
Noida-based HCL will also share its development studio and provide
human resource support to meet demand and development capacity at the R&D
center. In addition, it will promote technological cooperation to strengthen
HANCOM products’ global competitiveness.
The two companies also
plan to cooperate on global market expansion. This includes HANCOM’s entry into
Southeast Asian countries such as Taiwan, Vietnam and Bangladesh, Middle
Eastern countries, and HCL’s business expansion into the South Korean market.
“HCL’s modern applications and architecture principles will allow
us to scale our products to make them more suitable for enterprise customers in
the global market and ultimately achieve global aspirations with our products,”
said Daeki Kim, Chief Operating Officer, HANCOM.
HCL employs more than 175,000 people in 50 countries and generates
annual sales of $10.5 billion. It recently named Joonho Moon as its head to
lead and expand business in South Korea.
“South
Korea is a key strategic market for HCL, and this engagement
with HANCOM will further help us grow and establish ourselves in the region,”
said Sanjay Gupta, Corporate Vice President, HCL Technologies.
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