HCL Tech signs professional services deal with Cloud Software Group

HCL Technologies has signed an exclusive preferred professional services agreement with Cloud Software Group, to help implement, upgrade, modernize and provide services for all TIBCO products for enterprise customers across the globe. This partnership will help drive better value for end customers leveraging TIBCO products to further accelerate their data-driven digital transformation.

Cloud Software Group is the company formed upon completion of the Citrix take-private transaction and related combination with TIBCO. Today, Cloud Software Group provides the modern enterprise with mission-critical software through its key brands, including TIBCO, Citrix, NetScaler, Spotfire, XenServer, ShareFile, and Jaspersoft.

Cloud Software Group’s TIBCO customers will have access to enhanced digital transformation capabilities through HCLTech’s technology offerings and consulting expertise across digital, cloud, automation, engineering and process optimization. The addition of TIBCO products will further strengthen HCLTech’s professional services portfolio which already includes a comprehensive set of software product lines.

Earlier, HCLSoftware, the software business division of HCL Technologies (HCLTech), and Microsoft announced a collaboration to integrate Microsoft’s Azure OpenAI Service into HCLSoftware’s software products. The two companies aim to create a new generation of intelligent applications that can transform industries.

HCL Technologies is one of the leading global IT services companies that ranks among the top four Indian IT services companies in terms of revenues. HCL leverages its extensive global offshore infrastructure and network of offices in 50 countries to provide multi-service delivery in key industry verticals, including manufacturing, financial services, media, telecommunication, healthcare, technology, and public services, among others.

Today, the stock opened at Rs 1165.95, with a high and low of Rs 1172 and Rs 1161.50. The stock is currently trading at Rs 1171.00, up by 1.13%. The stock has a 52-week high of Rs 1,202.70 and a 52-week low of Rs 882.20.

Investors should keep a close eye on this stock.

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