HCL Acquires Natural Technologies

HCL Infosystems has announced the acquisition of Natural Technologies Pvt Ltd (NTPL) a niche banking software product Company.

hidden May 06, 2008 14:19:28 IST
HCL Acquires Natural Technologies

HCL Infosystems has announced the acquisition of Natural Technologies Pvt Ltd (NTPL) a niche banking software product Company.

Announcing the acquisition, 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 develop the facility at Jaipur into a Banking ‘Centre of Excellence’. This centre will build products for the co-operative and rural banking sector and the newly emerging financial inclusion sector."

Commenting on the acquisition, 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 HCL and us in the BFSI segment. NTPL's product range will enhance HCL's existing range of offerings."

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