Xerox strikes outsourcing deal with HCL Techologies
SOURCE: Reuters
DATE: April 7th, 2009
ARTICLE
Xerox Corp (XRX.N). will pay $100 million over six years to outsource data-center services to HCL Technologies Ltd (HCLT.BO), one India’s largest information technology service providers, a Xerox spokesman said on Sunday.
As part of the deal, HCL will manage disaster-recovery preparation and consolidate Xerox’s data centers in North America and Europe, spokesman Bill McKee said.
Last year Norwalk, Connecticut-based Xerox cut about 3,000 jobs.
In November, the two companies announced a partnership, which called for HCL to help companies integrate Xerox’s manage print services into their systems.
Last month, Xerox chopped its first-quarter earnings forecast by as much as 85 percent, as the slowdown in office equipment spending badly hurt revenue and thwarted its cost-cutting efforts.
Related Posts
You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.
