USD 2.1 billion mega deal: IT firm inks strategic partnership with US-based Verizon; know more here

USD 2.1 billion mega deal: IT firm inks strategic partnership with US-based Verizon; know more here

Vaishnavi Chauhan
/ Categories: Trending, Mindshare

This has set the stage for a transformative collaboration that is poised to reshape enterprise networking.

The market bulls struggle to manoeuvre through today’s negative market sentiment. Both the Sensex and Nifty saw slight declines of 0.38 per cent and 0.39 per cent, respectively.

In stark contrast with the market, the shares of HCL Technologies Limited soared 3.36 per cent. Additionally, the scrip witnessed a spurt in volume by more than 3.97 times. The company's current market capitalization is Rs 3,18,435.03 crore.

HCL Tech has joined forces with Verizon Business in a groundbreaking global strategic partnership aimed at revolutionizing managed network services. The announcement, made post-market hours on Thursday, has set the stage for a transformative collaboration that is poised to reshape enterprise networking.

Reportedly, the agreement is valued at USD 2.1 billion.

Verizon Business designates designated HCL Tech as its primary partner for Managed Network Services (MNS) across all networking deployments for global enterprise customers. This dynamic partnership brings together two industry giants, leveraging Verizon's network prowess and scale alongside HCL Tech's acclaimed Managed Service capabilities.

Under this innovative alliance, Verizon Business will continue to lead in customer acquisition, sales, solutioning, and overall planning and development, seamlessly aligning its strengths with HCL Tech's expertise. The latter will take the helm in post-sale implementation and ongoing support, ensuring a comprehensive and integrated approach that caters to diverse customer needs.

HCL Tech's prominence as the primary collaborator in MNS deployments globally is fortified by its recognition in the 2022 Gartner Magic Quadrant for Managed Network Services. This positioning showcases HCL Tech's exceptional vision and capability to execute in the field.

The partnership aims completely at customer approach, using innovation and data-driven models for top-tier Managed Network Services.

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HCL Tech a prominent global IT services company. It has experienced substantial buying momentum, with its stock soaring over 71 per cent in the past three years.

 

Disclaimer: The article is for informational purposes only and not investment advice.

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