HCL Tech, HANCOM Inc. Announces strategic partnership

HCL Technologies and HANCOM Inc., one of South Korea’s software companies. They have signed a strategic partnership to share advanced software technology solutions and build a common bridge for external expansion.

HCL Founded in 2016 in India, the HANCOM R&D Center supports software development training. In addition, it encourages technology collaboration to strengthen the global competitiveness of HANCOM products.

The two companies also plan to cooperate in expanding the global market. This includes HANCOM’s expansion into Taiwan, Vietnam and Bangladesh, the Middle East, and the expansion of HCL trade into South Korea and Southeast Asian countries.

“South Korea is a key strategic market for HCL, and this partnership with HANCOM will help us grow in the region and cut ourselves off,” said Sanjay Gupta, vice president of HCL Technologies.

Shares of HCL Technologies rose 0.74% on September 13, 2021 to 1,207.60 rubles.

HCL Technologies is a leading global technology company. HCL provides its services and products in three business sectors – IT and Business Services (ITBS), Engineering and R&D Services (ERS) and Products & Platforms (P&P).

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(This story has not been edited by Business Standard staff and is automatically generated from integrated feeds.)

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