 "Adaptec Enters Into Strategic Agreement With HCL")
Adaptec has entered into a strategic agreement with HCL Technologies that will significantly bolster Adaptec’s global engineering capabilities, provide access to HCL’s IT technology portfolio, allow for engineering flexibility and augment Adaptec engineering resources based in the US and Germany.
Under the terms of the agreement, Adaptec will retain ownership of all intellectual property (IP) developed, and HCL will integrate Adaptec’s India Technology Centre (ITC) located in Bangalore into its operations and assume responsibility for the management of Adaptec engineering programmes assigned to that location.
“Our strategic alliance with HCL Technologies allows Adaptec to operate an enhanced India-based engineering team as a true ODC (offshore development centre). This gives us the potential for improved productivity by better streamlining overhead costs and increasing our ability to scale our engineering teams on demand,” said S “Sundi” Sundaresh, president and CEO, Adaptec.
As part of this alliance, Adaptec ITC employees transferred to HCL will continue to work exclusively on Adaptec engineering projects. HCL will have additional engineers work with the Adaptec team to ensure a seamless transition and, where and when appropriate, will provide access to HCL’s expansive information technology experience. Adaptec will also have the flexibility to add HCL engineers, as needed. The agreement does not affect the timing and deliverables of any current engineering projects at the Adaptec ITC. Moving forward, the engineering team will contribute to the development of a wide range of Adaptec technologies and products.
“We are pleased to enter into a strategic engineering agreement with Adaptec and welcome its team of India-based engineers into the HCL organisation,” said Shami Khorana, president of HCL America. “This agreement is the beginning of a new chapter in the evolution of offshore product development and yet another illustration of our collaborative engagement with our customers.”
Jim Schmidt, vice president of engineering, Adaptec, said, “Because Adaptec has worked with HCL on previous engineering projects, we are confident in their level of expertise and anticipate the continued synergy in our go-forward business strategies.”