HCL Technologies, AMD sign IT co-sourcing deal

HCL Technologies (HCLT), a software engineering services company, has announced that it has signed a multi-year, multi-million dollar collaborative IT co-sourcing contract with AMD, supplier of integrated circuits for the personal and networked computer and communications markets. 

The strategic co-sourcing deal involves IT infrastructure management, maintenance and support of global IT applications. The services will be delivered out of HCLT's facilities in India, part of which will be dedicated for AMD.

Following a transition period, the collaborative co-sourcing arrangement is planned to comprise approximately 70 percent offshore and 30 percent on-site work distribution to help ensure 24x7 availability of AMD's IT operations. Experts from the two companies will form a program management team that will guide the engagement.

"As part of AMD's overall strategy to build a more variable cost structure and enable greater operational and financial flexibility, we are building strategic relationships with quality complementors that allow our internal resources to focus on the issues and programs of highest priority and strategic importance for AMD," said Ajay Marathe, VP (Business Process Transformation), AMD. 

"This co-sourcing arrangement with HCL Technologies allows AMD to leverage HCLT's world-class processes and IT expertise to help deliver the IT functions that AMD needs to remain competitive and focused on customers, and to do so more economically," he added.

Cyber News Service