SUNNYVALE, California and NOIDA, India: HCL Technologies (HCL), a leading global IT
services provider, today announced a significant expansion of its smart grid
partner ecosystem by forging strategic alliances with two leading data
management software firms focused on the smart grid market: eMeter and
Tridium. The creation of smart grids includes the modernization and
digitization of aging power grids.
These partnerships enable the integration of real-time data management
and analytical software with HCL's comprehensive suite of services to help
utilities transform their existing infrastructure from traditional power
grids to smart grids more efficiently. Additionally, the partnerships will
further accelerate HCL's strategy to become an end-to-end integration
services provider to the utilities companies.
According to Pike Research, the smart grid managed services market is
expected to become a multi-billion dollar market by 2015. In 2011, the market
reached $821 million, a 75 percent growth rate over 2010.
"HCL has made a global commitment to utilities customers in enabling them
to address their most pressing challenges by helping them assess and roll-out
smart grid programmes in all the major power markets," said Rajeev Sawhney,
the Global Head of Public Services for HCL Technologies. "Through the
partnerships with these industry leaders, we aim to build on our domain
competencies and offer best-in-class smart grid solutions that give our
customer maximum value and competitive advantage.
The new HCL partnerships include:
- Working with eMeter, a leader in energy data management, to increase
the efficiency of data processing at utilities by providing a more secure,
reliable distribution and consumption of energy.
- A partnership with Tridium, a global leader in open platforms,
application software frameworks, automation infrastructure technology, energy
management and device-to-enterprise integration solutions, to help HCL
increase operational efficiency of utilities by building and automating smart
energy consumption management and control systems. Tridium's Niagara
Framework(R), a software platform that integrates diverse systems and devices
operates in real-time to integrate the diverse building systems of a utility
to ensure environmental sustainability.
"eMeter is very excited about working with HCL," said Lisa Caswell, VP
Worldwide Alliances at eMeter. "Together we will be able to showcase the best
of both firms and offer a true end-to-end smart grid solution to utilities
companies in a very competitive market."
"The Tridium Niagara Framework is an ideal development platform for HCL
that will add another layer of innovation and support to their industry
leading smart grid product solutions and turnkey services," said Marc Petock,
Vice President, Global Marketing and Communications, Tridium. "We look
forward to helping HCL deliver next-generation smart grid services to their
end customers."
HCL's Smart Grid Lab:
Recognizing that an array of technologies are required to efficiently run
a smart grid network, HCL Technologies has identified and partnered with
eMeter, Tridium and other companies and is working extensively with each
partner in HCL's Smart Grid Lab. The HCL Smart Grid Lab assists customers in
developing a Smart Grid solution adoption roadmap, identification of best
suited solution, collaborating with partners in testing solution models,
reducing risk, and meeting time-to-market, etc.
About HCL
HCL is a $5.5 billion leading global technology and IT enterprise
comprising two companies listed in India - HCL Technologies and HCL
Infosystems. Founded in 1976, HCL is one of India's original IT garage
start-ups. A pioneer of modern computing, HCL is a global transformational
enterprise today. Its range of offerings includes product engineering, custom
& package applications, BPO, IT infrastructure services, IT hardware, systems
integration, and distribution of information and communications technology
(ICT) products across a wide range of focused industry verticals. The HCL
team consists of over 77,000 professionals of diverse nationalities, who
operate from 29 countries including over 500 points of presence in India. HCL
has partnerships with several leading Global 1000 firms, including leading IT
and technology firms. For more information, please visit http://www.hcl.com
About HCL Technologies
HCL Technologies is a leading global IT services company, working with
clients in the areas that impact and redefine the core of their businesses.
Since its inception into the global landscape after its IPO in 1999, HCL
focuses on 'transformational outsourcing', underlined by innovation and value
creation, and offers integrated portfolio of services including software-led
IT solutions, remote infrastructure management, engineering and R&D services
and BPO. HCL leverages its extensive global offshore infrastructure and
network of offices in 26 countries to provide holistic, multi-service
delivery in key industry verticals including Financial Services,
Manufacturing, Consumer Services, Public Services and Healthcare. HCL takes
pride in its philosophy of 'Employee First' which empowers our 72,267
transformers to create a real value for the customers. HCL Technologies,
along with its subsidiaries, had consolidated revenues of US$ 3.1 billion
(Rs. 14,101 crores), as on 31st December 2010 (on LTM basis). For more
information, please visit http://www.hcltech.com
About eMeter
eMeter provides essential software that enables electric, gas and water
utilities to realize the full benefits of Smart Grid. Leading utilities
worldwide depend on eMeter Smart Grid Management software to reduce
operational costs, improve customer service, and drive energy efficiency.
With the most large-scale deployments in the industry and strategic
partnerships with Accenture, IBM, SAP, and Siemens, eMeter has built a
reputation for unparalleled expertise that ensures customer success.
Additional information about eMeter is available at http://www.emeter.com.
About Tridium Inc.
Tridium is the global leader in open platforms, application software
frameworks, automation infrastructure technology, energy management and
device-to-enterprise integration solutions. Software frameworks from Tridium
extend connectivity, integration and interoperability to the millions of
devices deployed in the market today and empowers manufacturers to develop
intelligent equipment systems and smart devices that enable collaboration and
communication between the enterprise and edge assets.
Additional information about Tridium is available at
http://www.tridium.com.
Forward-looking Statements
Certain statements in this release are forward-looking statements, which
involve a number of risks, uncertainties, assumptions and other factors that
could cause actual results to differ materially from those in such
forward-looking statements. All statements, other than statements of
historical fact are statements that could be deemed forward-looking
statements, including but not limited to the statements containing the words
'planned,' 'expects,' 'believes,' 'strategy,' 'opportunity,' 'anticipates,'
'hopes' or other similar words. The risks and uncertainties relating to these
statements include, but are not limited to, risks and uncertainties regarding
impact of pending regulatory proceedings, fluctuations in earnings, our
ability to manage growth, intense competition in IT services, Business
Process Outsourcing and consulting services including those factors which may
affect our cost advantage, wage increases in India, customer acceptances of
our services, products and fee structures, our ability to attract and retain
highly skilled professionals, our ability to integrate acquired assets in a
cost effective and timely manner, time and cost overruns on fixed-price,
fixed-time frame contracts, client concentration, restrictions on
immigration, our ability to manage our international operations, reduced
demand for technology in our key focus areas, disruptions in
telecommunication networks, our ability to successfully complete and
integrate potential acquisitions, the success of our brand development
efforts, liability for damages on our service contracts, the success of the
companies /entities in which we have made strategic investments, withdrawal
of governmental fiscal incentives, political instability, legal restrictions
on raising capital or acquiring companies outside India, and unauthorized use
of our intellectual property, other risks, uncertainties and general economic
conditions affecting our industry. There can be no assurance that the
forward-looking statements made herein will prove to be accurate, and
issuance of such forward-looking statements should not be regarded as a
representation by the Company, or any other person, that the objective and
plans of the Company will be achieved. All forward-looking statements made
herein are based on information presently available to the management of the
Company and the Company does not undertake to update any forward-looking
statement that may be made from time to time by or on behalf of the Company.
For details, contact
HCL Technologies:
Avena Suri
HCL Technologies
Mob +91-9650006381
Email: avena.suri@hcl.com
Maria Brown
ThinkMedia PARTNERS for HCL Technologies
mbrown@thinkmediapartners.com
+1-978-740-1013
eMETER
Kyle Arteaga
Email: kyle.arteaga@emeter.com
Mob: +1(415)218-5569
Tridium:
Marc Petock
Vice President, Global Marketing & Communications
mpetock@tridium.com
Tel: +1(804)747-4771
Fax: + 1(804)747-5204
SOURCE HCL Technologies
