March 13, 2019
Strong-Bridge Envision (SBE), a digital transformation consulting firm with bases in Seattle, Denver, Atlanta, and New York, will become part of HCL’s global Digital and Analytics business
In August 2018, HCL had launched IoT (Internet of Things) COLLAB, dual-location IoT innovation centres, in Seattle, Washington, and Noida, India
The Indian IT- BPM empowered by the latest technologies such as IoT, AI, ML, robotics, and cloud computing, is expected to growth 9% in 2018-19
Currently, over 200 Indian IT-BPM firms are working in over 80 countries, providing services to a third of the Fortune 500 firms, as per Government
HCL Technologies said on March 13 that it acquired Strong-Bridge Envision (SBE), a digital transformation consulting firm with bases in Seattle, Denver, Atlanta, and New York. With this deal, SBE will become part of HCL’s global Digital and Analytics business. The Indian technology firm said that the move would boost its digital consulting offerings, mainly in digital strategy development, program management, business transformation and organisational change management. The combination of SBE’s resources and HCL’s offerings in experience design, app modernisation and data analytics will help deliver end-to-end digital journeys, HCL said. The company, with presence in 44 nations, posted revenue of US$8.4 billion in 2018.
SBE said that its ability to design impactful experiences built upon cost-effective and efficient technology architectures, integrating legacy processes, and leveraging data and analytics coupled with the latest HCL technology and services will offer “unforeseen customer-value.” HCL has been steadily expanding in the US in its efforts to gain local clients as well as upgrade its technology trove. In August 2018, HCL had launched IoT (Internet of Things) COLLAB, dual-location IoT innovation centres, in Seattle, Washington, and Noida, India. Each IoT COLLAB will serve as a joint incubation lab that will allow Fortune 500 firms to accelerate IoT initiatives by bringing together experts, partners, financiers and other IoT stakeholders.
The Indian Information Technology and Business Process Management (IT- BPM), empowered by rising emphasis on latest technologies such as IoT, artificial intelligence (AI), machine learning (ML), robotics, and cloud computing, is expected to register a cumulative growth of around 9 per cent during 2018-19. In 2017-18, India’s IT-BPM export was reported at US$129 billion. The Government has projected IT-BPM revenue of US$350 billion by 2025, riding on the back of revenue of US$167 billion recorded in 2017-18. As per data by the Government, currently, over 200 Indian IT-BPM firms are working in over 80 countries, providing services to a third of the Fortune 500 firms. This market is fast growing with new technologies.