IT services provider HCL Technologies has won a five-year IT infrastructure outsourcing agreement worth SGD110m from Singapore Exchange (SGX).
Under the agreement, HCL will provide SGX with infrastructure support and management services including the exchange’s Reach initiative. The SGD250m Reach initiative announced on 3rd June aims to create trading engine, establish a data centre offering co-location facilities and connect trading communities in global financial hubs to Singapore.
Kiran Bhagwanani, SVP and worldwide head of system integration sales, infrastructure services division at HCL Technologies, said "It is our privilege to be associated with SGX as it continues to improve its customer offerings. Our aim is to enable transformation of data centre and network operations at SGX to bring in enhanced efficiency and clear business benefits.
"We have a lineage of long-lasting successful engagements of similar nature that involve critical service propositions. We are equally committed to ensuring superior performance year-on-year for SGX and its members, having been entrusted with the responsibility of managing its large and complex infrastructure."
Mr Bob Caisley, executive vice president and chief information officer at SGX, said: "HCL is an important partner for SGX in enabling the Reach initiative to provide customers with the fastest access to Asia, and in enhancing the efficiency and effectiveness of our operations on a daily basis."
