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HCL Technologies Inks partnership with Konica Minolta, targets big deals in Japan
Posted On : 2007-07-11 01:12:12( TIMEZONE : IST )
HCL Technologies Ltd on July 11, 2007, has announced the opening of an Offshore Development Centre in Chennai with Konica Minolta Group (KM), a global corporation in the field of imaging from input to output, to provide software services for KM's Multi Function Peripherals (MFPs), printers and medical equipment business lines. The software services provided by the Company will support the Japanese language in order to communicate accurately with KM's researchers.
The contract is of 3 years duration and extendable thereafter every year in which the 5 business Companies of KM will outsource Product Engineering work to the Company. Presently for Konica Minolta Medical & Graphics, Inc. (KMMG), the Company is developing, maintaining, globally supporting and performing R&D for the application and embedded software of their Computed Radiography (CR) product line. While with Konica Minolta Business Technologies, Inc. (KMBT), the Company will be developing, maintaining and performing R&D for the application and embedded software of their complete range of MFPs and printers.
Mr. Selvatharasu Sadagoparamanujam - President and Representative Director - HCL Japan Ltd, (a wholly owned subsidiary of the Company) commented on the deal: "After successfully foraying into the US and other geographies, Japan is the next market that HCL is looking on to sign big partnerships such as our agreement with Konica Minolta. HCL expects around US $ 30 million worth of business in 3 years through this deal. This partnership with KM is a perfect fit in our Life Sciences (Equipment) strategy and will boost our new micro-vertical for Printers and MFPs."
"Our capabilities for sustaining long term relationships have been among the best with partnerships with Companies like Toshiba, NEC, CISCO etc. Coupled with this, HCL is also a leader in the Technologies and Product development domain, which will enable us to establish a successful long-term partnership with KM" he added.
The Company's Japan Business Units based in Chennai and Noida will provide the necessary Japanese support for fulfilling this partnership. The Company will develop software for Konica Minolta's innovative products to be distributed to the global market.
