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HCL Tech wins $400 million contract from Norwegian bank DNB

Last Updated: Wednesday, May 7, 2014 - 14:12

New Delhi: HCL Technologies on Wednesday announced USD 400 million strategic engagement with Norway's DNB Bank ASA to manage the IT infrastructure services and application operations for all DNB businesses across that country and key international locations.

As part of the about Rs 2,400 crore deal with DNB Bank ASA, a leading global maritime shipping bank, HCL Technologies will migrate and transform DNB systems and infrastructure from its existing IT partner to create two new data centres in Norway.

The contract was earlier being serviced by Norwegian IT services firm Evry ASA, according to people aware of the development.

Oslo-headquartered Evry is among the largest IT firms in Norway and the Nordic region with about 10,000 employees in 50 Nordic towns and cities serving more than 14,000 public and private sector customers.

"DNB Bank ASA and HCL Technologies announced a USD 400 million strategic engagement. HCL will manage IT infrastructure services and application operations for all DNB businesses across Norway and its key international locations," the Noida-based software services firm said in a release.

Key focus will be driving a world-class user experience to the bank's 2.5 million retail banking customers and end-users across all DNB's products, including retail and online banking, cards, insurance, capital markets, payments and finance, it added.

As the prime services provider, HCL will be responsible for managing operations and multiple vendors across the bank's complex technology landscape.

HCL technologies has been present in the Nordics since 1999 and its operations in the region have 2,500 consultants carrying out work for over 30 customers working across Sweden, Norway, Finland and Denmark servicing leading Nordic companies with significant local investments in local delivery centres.

First Published: Wednesday, May 7, 2014 - 14:12
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