HCL strengthens its BFSI System integration portfolio

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HCL strengthens its BFSI System integration portfolio

HCL Infosystems, India’s premier information enabler, leading ICT System Integrator and Distribution Company announced the acquisition of Natural Technologies Pvt Ltd (NTPL) a niche banking software product Company.

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HCL Infosystems , India's premier information enabler, leading ICT System Integrator and Distribution Company today announced the acquisition of Natural Technologies Pvt Ltd (NTPL) a niche banking software product  Company.

With 3 decades of providing ICT Infrastructure solutions and services into the BFSI sector across the country, the acquisition of niche products from NTPL, will further consolidate HCL's leadership position in this sector.

NTPL with over 10 years of developing software products for Indian banking sector has over 30 clients from  PSU, Private sector, Cooperative sector and Regional Rural sector banks.

Announcing the acquisition, Mr. J V Ramamurthy, Chief Operating Officer, HCL Infosystems said: "This acquisition will strengthen our range of offerings into the BFSI segment and is part of our vision of a "Transforming HCL".  He further added that HCL will be developing the facility at Jaipur into a Banking "Center of Excellence". This center will build products for the Cooperative and Rural banking sector and the newly emerging financial inclusion sector."

Commenting on the acquisition, Mr. Ripu Dhaman, Managing Director, NTPL said: "This is a major collaboration between HCL Infosystems and NTPL that will reinforce HCL's focus on System Integration in the BFSI domain through our niche banking infrastructure and bilingual solutions. We are a niche player in the banking software-related product segment and there exist great synergies between us and HCL in the BFSI segment. NTPL's product range will enhance HCL's existing range of offerings."  

Sourced From: Vaishnavi Corporate Communications Pvt Ltd