HCL and Odessa signs strategic partnership deal

HCL Technologies and Odessa
Technologies have announced a strategic partnership, to expand
distribution channels, augment implementation capacity and increase
speed-to-market for select installations of Odessa's end-to-end
lease management system, LeaseWave. The partnership establishes HCL
as a preferred implementation partner and enables Odessa and its
customers to leverage HCL's 64,000 member workforce with over 450
professionals experienced in implementing lending and leasing
solutions throughout the world.

“Odessa has established itself as a
market leader by delivering a proven lease management solution that
successfully combines all the benefits of scalable state-of-the-art
technology with mature functionality, that traditionally was only
found in legacy systems. The combination of Odessa's world-class
equipment finance solution with HCL's worldwide distribution
channels, implementation expertise and support services offers the
equipment finance industry a comprehensive path for overhauling
outdated technologies, that have limited innovation, flexibility and
growth,” said Mike Pennell, VP, HCL.

“After 13 years of serving our
industry, Odessa is now 150 people strong and continues to grow. But
we also recognized, that the industry is at a critical crossroads in
terms of technology; and this presents an unprecedented opportunity
for LeaseWave. Given this landscape, the HCL relationship removes
potential scale-related constraints on select installations. It also
allows Odessa to focus on key segments in the US industry, while
leveraging HCL's worldwide presence,” says Madhu Natarajan, CEO,
Odessa.