HCL Technologies Ltd has teamed up with Sage, a Switzerland-based
software development company, to develop the Propsero
private wealth management application for the financial
the arrangement, the company and Sage will work together
to develop, distribute and implement Sage''s flagship product
using the company''s expertise and services, HCL isaid
in a filing with the Bombay Stock Exchange (BSE).
The alliance will initiate product engineering services,
testing and software implementation and offer dedicated
support at either end. The companies will also work together
on the development of new business opportunities.
partnership has been signed to leverage capabilities of
both organisations in product engineering and project
management. SAGE will work with HCL to expand their software
development capacity and will enable the company to grow
its service offerings for the financial services industry.
and the HCL will also work together to cross-sell their
products and services to existing and future clients globally.
partnership between HCL and Sage brings together complementary
skill sets, and will provide the financial services Industry
with a value proposition based on proven products and
services with domain expertise. HCL has partnered Sage
to broaden its offerings for private wealth management
organisations to offer the benefits of an integrated product,"
Premkumar, corporate vice president and global head, financial
services, of HCL commented.
provides integrated services in software development and
maintenance, intrastructure and business process outsourcing
(BPO) services. The company has also been the outsourcing
partner of choice for many independent software vendors
(ISVs), internet content
providers and other software-enabled companies.
Prospero is an integrated wealth management platform that
the transactional processing and reporting needs of wealth
management organisations throughout the world.