 |
||
| HCL inks $250m, 5-yr deal with UK's News Corp |
|
India's fifth-largest IT company HCL Technologies on Tuesday announced a five-year deal with media conglomerate News Corp for managing its data centres and IT across UK newspapers like The Times, The Sun and The Sunday Times. Under the deal, HCL will transform News Corp's UK subsidiary News International's data centres and migrate its operating systems to a lower cost solution. The deal is pegged to be in the range of $200-250 million, according to industry experts. Company officials denied to disclose the deal size. "We will be managing and consolidating News International's data centres and IT. The data centres will remain hosted in the UK. We will be managing them remotely from our facilities in India, and also onsite from UK. This will drive a reduction in their capex and result in significant savings for the client," Pradeep Bindal, senior VP and worldwide sales head at HCL Technologies' Infrastructure Services Division said in a statement. The Noida-based IT major claims to have over 40 clients in the media, publishing and entertainment (MPE) vertical. MPE vertical constitutes about 6.8 per cent of HCL Technologies' revenues. The company has one of the largest remote infrastructure management facilities amongst all IT vendors in the country. It had signed a seven-year, $350-million deal in March this year with Reader's Digest Association, before the US-based publishing major filed for a bankruptcy petition in August. The company had also signed a deal with Viacom (owner of brands such as MTV Networks, Nickelodeon and VH1), for developing an online media content and platform. Mckinsey and Nasscom have jointly estimated IT infrastructure management to gross $28 billion in the next 5 years. - Agencies Related Articles:
Last update: 09-12-2009 00:32
|
No comment posted
