HCLTech Extends Partnership with Xerox, Focusing on AI and Digital Engineering

HCL Tech extends agreement with Xerox; stock hits all-time high

Through an exchange filing, HCL Tech said that with the extension of the agreement, HCL Tech will assist Xerox with its reinvention, which is the fundamental and structural redesign of Xerox, to position the company for a long-term profitable and sustainable growth. "HCL Tech will leverage automation, product, and sustenance engineering and process operations services -- including order to cash, sales and marketing operations, supply chain, and Procurement -- along with its advanced full-stack GenAI platform, HCLTech AI Force, to deliver a unified interface that transforms the way employees and clients engage with Xerox," HCLTech said.

HCLTech extends 15-year-old partnership with Xerox

HCLTech said in a filing with BSE that it will leverage automation, product and sustenance engineering and process operations services, along with its advanced full-stack GenAI platform, HCLTech AI Force.HCLTech extended its 15-year-old partnership with digital printing company Xerox for an undisclosed amount on Monday. The extended relation focuses on strategic AI-driven engineering services and digital process operations (DPO) partnership with Xerox. The Indian IT services major will assist Xerox in its reinvention and help it for long-term profitable and sustainable growth. In a filing with BSE, HCLTech said it will leverage automation, product and sustenance engineering and process operations services, along with its advanced full-stack GenAI platform, HCLTech AI Force, to deliver a unified interface that transforms the way employees and clients engage with Xerox. It added, "HCLTech will support the newly formed Xerox Global Business Services organization (GBS) to drive key business metrics, such as working capital, device connectivity, sales efficiency and the effectiveness of remote problem-solving. The work will allow the GBS organization to integrate innovative capabilities, further advancing the company's digital transformation roadmap." Louie Pastor, executive vice president, chief transformation and administrative officer at Xerox, said, "As we continue our reinvention, our aim is to drive enterprise-wide efficiency by centralizing processes, platforms, and capabilities. By extending our agreement with HCLTech and leveraging its expertise, Xerox will become more agile while continuously improving employee and client experiences." Raghu Kidambi, corporate vice president and global head of digital process operations at HCLTech, said, "We are dedicated to supporting Xerox in navigating the workplace evolution, enabling a more AI-driven, engineering services-led and software-enabled organization." HCLTech leverages its global delivery centres across India, Guatemala, Portugal, Bulgaria, Romania, Philippines and Sri Lanka to support the digital transformation journey of Xerox.

HCLTech extends 15-year-old partnership with Xerox

HCLTech extended its 15-year-old partnership with digital printing company Xerox for an undisclosed amount on Monday. The extended relation focuses on strategic AI-driven engineering services and digital process operations (DPO) partnership with Xerox. The Indian IT services major will assist Xerox in its reinvention and help it for long-term profitable and sustainable growth. In a filing with BSE, HCLTech said it will leverage automation, product and sustenance engineering and process operations services, along with its advanced full-stack GenAI platform, HCLTech AI Force, to deliver a unified interface that transforms the way employees and clients engage with Xerox. It added, "HCLTech will support the newly formed Xerox Global Business Services organization (GBS) to drive key business metrics, such as working capital, device connectivity, sales efficiency and the effectiveness of remote problem-solving. The work will allow the GBS organization to integrate innovative capabilities, further advancing the company's digital transformation roadmap." Louie Pastor, executive vice president, chief transformation and administrative officer at Xerox, said, "As we continue our reinvention, our aim is to drive enterprise-wide efficiency by centralizing processes, platforms, and capabilities. By extending our agreement with HCLTech and leveraging its expertise, Xerox will become more agile while continuously improving employee and client experiences." Raghu Kidambi, corporate vice president and global head of digital process operations at HCLTech, said, "We are dedicated to supporting Xerox in navigating the workplace evolution, enabling a more AI-driven, engineering services-led and software-enabled organization." HCLTech leverages its global delivery centres across India, Guatemala, Portugal, Bulgaria, Romania, Philippines and Sri Lanka to support the digital transformation journey of Xerox.

HCLTech extends partnership with Xerox in AI and digital engineering

As part of the partnership, HCLTech announced that it will assist Xerox with its fundamental and structural redesign to position the company for long-term profitable and sustainable growth. "HCLTech will leverage automation, product and sustenance engineering, and process operations services -- including order-to-cash, sales and marketing operations, supply chain, and procurement -- along with its advanced full-stack GenAI platform, HCLTech AI Force, to deliver a unified interface that transforms the way employees and clients engage with Xerox," said the company in a press release.

Xerox and HCLTech Extend Agreement to Drive Innovation with AI and Digital Engineering

HCLTech, a leading global technology company, today announced an extension of its strategic AI-driven Engineering services and Digital Process Operations (DPO) partnership with Xerox. HCLTech will assist Xerox with its Reinvention, which is the fundamental and structural redesign of Xerox to position the company for long-term profitable and sustainable growth. HCLTech will leverage automation, product and sustenance engineering and process operations services -- including Order to Cash, Sales and Marketing Operations, Supply Chain and Procurement -- along with its advanced full-stack GenAI platform, HCLTech AI Force, to deliver a unified interface that transforms the way employees and clients engage with Xerox. HCLTech will support the newly formed Xerox Global Business Services organization (GBS) to drive key business metrics, such as working capital, device connectivity, sales efficiency and the effectiveness of remote problem-solving. The work will allow the GBS organization to integrate innovative capabilities, further advancing the company's digital transformation roadmap. "As we continue our Reinvention, our aim is to drive enterprise-wide efficiency by centralizing processes, platforms, and capabilities. By extending our agreement with HCLTech and leveraging its expertise, Xerox will become more agile while continuously improving employee and client experiences," said Louie Pastor, executive vice president, chief transformation and administrative officer at Xerox. "This collaboration underscores our dedication to enabling client and partner success across the hybrid workplace." "We are proud to partner with Xerox and look forward to deepening our collaboration to drive strategic value in new service development, growth and cost optimization," said Raghu Kidambi, corporate vice president and global head of digital process operations at HCLTech. "We are dedicated to supporting Xerox in navigating the workplace evolution, enabling a more AI-driven, engineering services-led and software-enabled organization." The partnership between Xerox and HCLTech started in 2009 with a focus on product engineering and IT and process support services. HCLTech leverages its extensive global delivery network across India, Guatemala, Portugal, Bulgaria, Romania, the Philippines and Sri Lanka to support the digital transformation journey of Xerox. HCLTech and Xerox have jointly secured 215 U.S. patents and established world-class R&D labs that are seamlessly integrated with Xerox's infrastructure and standards. About HCLTech HCLTech is a global technology company, home to more than 219,000 people across 60 countries, delivering industry-leading capabilities centered around digital, engineering, cloud and AI, powered by a broad portfolio of technology services and products. We work with clients across all major verticals, providing industry solutions for Financial Services, Manufacturing, Life Sciences and Healthcare, Technology and Services, Telecom and Media, Retail and CPG and Public Services. Consolidated revenues as of 12 months ending June 2024 totaled $13.4 billion. To learn how we can supercharge progress for you, visit hcltech.com.

HCLTech extends AI partnership with Xerox

The partnership between Xerox and HCLTech, which began in 2009, initially focused on product engineering, IT, and process support services. (Reuters) HCLTech has extended its AI-driven Engineering services and Digital Process Operations (DPO) partnership with Xerox. The partnership will leverage HCLTech's advanced full-stack generative AI (genAI) platform, HCLTech AI Force, to create a unified interface designed to revolutionise how Xerox's employees and clients interact with the company. This extended collaboration will support the newly established Xerox Global Business Services (GBS) organisation, focusing on improving key business metrics such as working capital, device connectivity, sales efficiency, and the effectiveness of remote problem-solving. Additionally, the partnership will drive the integration of innovative capabilities within GBS, furthering Xerox's digital transformation roadmap. "As we continue our Reinvention, our aim is to drive enterprise-wide efficiency by centralising processes, platforms, and capabilities. By extending our agreement with HCLTech and leveraging its expertise, Xerox will become more agile while continuously improving employee and client experiences," said Louie Pastor, executive vice president and chief transformation and administrative officer at Xerox. "This collaboration underscores our dedication to enabling client and partner success across the hybrid workplace." Raghu Kidambi, corporate vice president and global head of digital process operations at HCLTech, also emphasised the importance of this partnership: "We are proud to partner with Xerox and look forward to deepening our collaboration to drive strategic value in new service development, growth, and cost optimisation. We are dedicated to supporting Xerox in navigating the workplace evolution, enabling a more AI-driven, engineering services-led, and software-enabled organisation." The partnership between Xerox and HCLTech, which began in 2009, initially focused on product engineering, IT, and process support services. Over the years, HCLTech has utilised its global delivery network -- spanning locations in India, Guatemala, Portugal, Bulgaria, Romania, the Philippines, and Sri Lanka -- to assist in Xerox's digital transformation initiatives.

HCLTech stocks surge post Xerox AI deal

The shares of HCLTech were trading at ₹1,722.70, up by ₹1.80 or 0.10 per cent, today at 10.30 am on the BSE. HCLTech and Xerox have extended their partnership for innovation through AI and digital engineering, as announced on August 26, 2024. The collaboration aims to support Xerox's reinvention initiative, focusing on long-term growth and efficiency. HCLTech will use its GenAI platform HCLTech AI Force, along with automation and engineering services, for Xerox's digital transformation. The partnership will assist Xerox's newly formed global business services unit in improving key metrics such as working capital and sales efficiency. The collaboration dates back to 2009, covering product engineering and IT support, and resulting in 215 US patents and the establishment of joint R&D labs. HCLTech said it will use its global delivery network across multiple countries to support Xerox's transformation journey. Also read Rupee falls 8 paise to 83.95 against US dollar in early trade Nifty Prediction Today - August 27, 2024: Resistance ahead. Go long on a break above it Bank Nifty Prediction Today - August 27, 2024: Range bound and unclear. Stay out of the market SHARE Copy linkEmailFacebookTwitterTelegramLinkedInWhatsAppRedditPublished on August 27, 2024