HCL, IBM collaborate to digitally transform enterprises in regulated sectors

A partnership between Noida headquartered HCL Technologies and technology major IBM will see the former’s clients migrate their enterprise mission-critical workloads to the IBM public cloud, a statement from the IT services firm said. 

Additionally, the Armonk, New York-based firm will train HCL employees as part of the IBM Ecosystem Unit (IEU), which will help them leverage its cloud, data and analytics, artificial intelligence, machine learning and security to offer services and solutions to enterprise clients.

The IEU will assist clients, such as those in regulated sectors of financial services, telecommunications, life sciences, utilities, and healthcare and energy to develop cloud-native solutions, the statement said. 

“We see increased demand for companies in many industries with sensitive data, such as financial services and telco, to migrate their critical workloads and applications to the cloud," Bob Lord, senior vice president for cognitive applications, blockchain and ecosystems at IBM, said. 

HCL is part of IBM’s hybrid cloud ecosystem, which, according to reports, has witnessed a steady growth in revenues from India due to acceleration of digital transformation initiatives for organisations amid the Covid-19 pandemic. As part of the recently concluded annual general meeting of HCL Technologies, chairperson Roshni Nadar Malhotra indicated that the company would bet big on digital transformation initiatives, adding that it had signed on 53 financial deals for the financial year 2019-20.

“Leveraging the IBM public cloud will enable HCL to work with enterprises in regulated industries such as financial services,” Kalyan Kumar, corporate vice president and CTO of IT services at HCL Technologies, said in a statement. 

“Currently, our DRYiCE portfolio runs on IBM public cloud. This collaboration will be extended to HCL’s product portfolio, which includes the development of new software-as-a-service offerings on IBM Cloud,” he added.