SOURCE: HCL Technologies

 

SUNNYVALE, CA--(Marketwire - September 25, 2008) - HCL Technologies Ltd., India's leading global IT services provider, today announced its customer, Standard Parking Corporation, was named a winner of Oracle's 'Empower the Green Enterprise' award during Oracle OpenWorld 2008 (September 21-25) in San Francisco.

"HCL Technologies is proud of Standard Parking for their significant achievement," said Shami Khorana, President, HCL America. "Our domain knowledge of Oracle® Applications, superior service, and experience in streamlining business processes for our customers to meet their environmental needs, are unmatched. We are pleased that Oracle chose to honor Standard Parking with their green enterprise award."

Oracle selected winners based on how they were increasing eco-efficiency, eco-innovation and eco-transparency. Standard Parking was recognized for its streamlined HCL implementation of Oracle Financial Management, Oracle Service Contracts and Oracle Advanced Procurement. When the new automated Procure-to-Pay process is rolled out in 2009, it is estimated that Standard Parking will reduce its consumption of paper by 200,000 to 400,000 pieces of paper a year. Similarly, when fully implemented, the planned new electronic billing and payment methods for Standard Parking's monthly parking customers (approximately 1,200,000 bills annually) could reduce the company's yearly consumption by up to 312 tons of paper, saving 624 tons of trees, 5.1 million gallons of water, over 600,000 pounds of solid waste and almost 19,000 pounds of air emissions.

"We're committed to improving our business processes in as eco-friendly fashion as possible, and are pleased with the significant positive impact that these changes will have from an ecological standpoint," said Keith B. Evans, Standard Parking's Senior Vice President of Strategy, Information and Technology. "This is a win-win for both our company and the environment."

"As part of our ongoing commitment to developing practices and products that help protect the environment, we are pleased to recognize Standard Parking and its implementation partner HCL Technologies as a winner of the Oracle 'Empower the Green Enterprise' award," said Evelyn Neumayr, Vice President Marketing, Applications and Industries, Oracle. "This implementation is a prime example of how a company can dramatically reduce its carbon footprint, as well as gain efficiencies and reduce costs."

The award from Oracle is the latest in a growing dossier of awards and recognitions for HCL Technologies and its customers. This list includes the following for HCL:

--  BusinessWeek's InfoTech 100 2008, a compilation of the best-performing
    tech companies in the world
--  2008 Global Services 100, a list of the top global services providers
    across 17 countries cover a range of services across IT and BPO, including
    IT application services, infrastructure, FAO, HRO and contact centers
--  Top 10 Best Performing Infrastructure Service Provider by Global
    Services Magazine, in recognition of HCL's industry-leading achievements in
    Remote Infrastructure Management (RIM)
--  The ComputerWorld Honors Program 2008 recognized two of HCL's
    customers for their outstanding IT innovation.  Merck & Company and
    Teradyne Inc. were both named as Laureates, while Teradyne was also
    recognized as a Finalist in its award category.
    

About HCL Technologies

HCL Technologies 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 16 countries to deliver solutions across select verticals including Financial Services, Retail & Consumer, Life Sciences Aerospace, Automotive, Semiconductors, Telecom and MPE (Media Publishing & Entertainment). For the year ended 30th June 2008, HCL Technologies, along with its subsidiaries had revenues of US$ 1.9 billion (Rs. 7,639crore) and employed 50,741 professionals. For more information, please visit www.hcltech.com

About HCL Enterprise

HCL Enterprise is a 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, Technology and Application Services, BPO, Infrastructure Services, IT Hardware, Systems Integration, and distribution of ICT products. The HCL team comprises approximately 44,000 professionals of diverse nationalities, who operate from 16 countries including 300 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

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.