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CA and HCL Technologies Announce Strategic Partnership to Drive CA's Threat Management Security Business
Wednesday November 14 1:00 AM
The goal of the strategic partnership is to grow CA's threat management business by combining the strengths of both organizations. HCL and CA will achieve goal alignment and financial targets through revenue sharing. The annual revenue of CA's threat management security business is in excess of U.S. $100 million.
The partnership covers all threat management products, which include anti-virus, anti-spyware, integrated threat manager (ITM), host-based intrusion prevention system (HIPS), secure content manager (SCM), internet security suite, anti-spam and firewall.
"HCL brings to the table over three decades of product engineering heritage and a track record of successful partnerships that have created value. This partnership benefits CA and HCL, and, most importantly, the customers who rely on CA's threat management security products to protect their systems and data." said Shiv Nadar, HCL's chairman and chief strategy officer.
"This unique strategic partnership will enable us to profitably grow CA's threat business, develop a more aggressive product roadmap for the benefit of our customers, and ultimately gain market share," said Michael Christenson, CA's chief operating officer. "We are very excited to have found a global player with the strong reputation and solid depth of experience of HCL to be our strategic partner."
HCL will be responsible for research, engineering, architecture, technical support, technical writing, and quality assurance. All affected employees outside of European Union countries will be offered employment with HCL. Within the EU countries, CA will start the consultation process with the affected employees.
CA's threat management products will continue to be sold exclusively under the CA brand and through several routes to market with a growing emphasis on channel partners.
The partnership is expected to become operational by year-end, following the signing of a definitive agreement.
About CA
CA (NYSE:CA), one of the world's largest information technology (IT) management software companies, unifies and simplifies the management of enterprise-wide IT. Founded in 1976, CA is headquartered in Islandia, N.Y., and serves customers in more than 140 countries. For more information, please visit http://ca.com.
About HCL Technologies Ltd.
HCL Technologies Ltd. is one of India's leading global IT Services companies, providing software-led IT solutions, remote infrastructure management services and BPO. Having made a foray into the global IT landscape in 1999 after its IPO, HCL Technologies focuses on Transformational Outsourcing, working with clients in areas that impact and re-define the core of their business. The company leverages an extensive global offshore infrastructure and its global network of offices in 18 countries to deliver solutions across select verticals including Financial Services, Retail & Consumer, Life Sciences & Healthcare, Hi-Tech & Manufacturing, Telecom and Media & Entertainment (M&E). For the quarter ended 30th September 2007, HCL Technologies, along with its subsidiaries had last twelve months (LTM) revenue of US $ 1.5 billion (Rs. 6363 crores) and employed 45,622 professionals. For more information, please visit www.hcltech.com
About HCL Enterprise
HCL Enterprise is a $4.4 billion (Rs. 18,525 crore) leading Global Technology and IT enterprise that comprises two companies listed in India - HCL Technologies & HCL Infosystems. The 3-decade-old enterprise, founded in 1976, is one of India's original IT garage start-ups. Its range of offerings span Product Engineering, Custom & Package Applications, BPO, IT Infrastructure Services, IT Hardware, Systems Integration, and distribution of ICT products. The HCL team comprises approximately 51,000 professionals of diverse nationalities, who operate from 18 countries including 360 points of presence in India. HCL has global partnerships with several leading Fortune 1000 firms, including leading IT and Technology firms. For more information, please visit www.hcl.in
Cautionary Statement Regarding Forward-Looking Statements
CA
Certain statements in this communication (such as statements containing the words "believes," "plans," "anticipates," "expects," "estimates" and similar expressions) constitute "forward-looking statements." A number of important factors could cause actual results or events to differ materially from those indicated by such forward-looking statements, including: the timing of orders from customers and channel partners may cause fluctuations in some of CA's key financial metrics; changes to the compensation of CA's sales organization and changes to CA's sales coverage model and organization could adversely affect CA's business, financial condition, operating results and cash flow; if CA does not adequately manage and evolve its financial reporting and managerial systems and processes, including the successful implementation of its enterprise resource planning software, its ability to manage and grow its business may be harmed; CA may encounter difficulty in successfully integrating acquired companies and products into its existing businesses; CA is subject to intense competition in product and service offerings and pricing and increased competition is expected in the future; if CA's products do not remain compatible with ever-changing operating environments, CA could lose customers and the demand for CA's products and services could decrease; CA may lose access to third party operating systems or certain third party software that CA uses in daily operations, either of which could delay product development and production; CA's credit ratings have been downgraded and could be downgraded further which would require CA to pay additional interest under its credit agreement and could adversely affect CA's ability to borrow; CA has a significant amount of debt; the failure to protect CA's intellectual property rights would weaken its competitive position; CA may become dependent upon large transactions; CA's sales to government clients subject it to risks, including early termination, audits, investigations, sanctions and penalties; general economic conditions may lead CA's customers to delay or forgo technology upgrades; the market for some or all of CA's key product areas may not grow; third parties could claim that CA's products infringe their intellectual property rights or that CA owes royalty payments; fluctuations in foreign currencies could result in translation losses; CA has outsourced various functions to third parties and these arrangements may not be successful; and the other factors described in CA's filings with the Securities and Exchange Commission. CA assumes no obligation to update the information in this communication, except as otherwise required by law. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof.
HCL
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.
All trademarks, trade names, service marks, and logos referenced herein belong to their respective companies.
Contact:
For CA Media Dan Kaferle, 631-342-2111 daniel.kaferle@ca.com or Investors Carol Lu, 212-415-6920 carol.lu@ca.com or For HCL Media Meena Vaidyanathan, +91-9818665523 meenav@hcl.in or Investors Vikas Jadhav, +91-99102-33494 jadhav.v@hcl.in
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