Leading global IT Services Company, HCL Technologies today announced a new strategic partnership with Alpha Insight, an intelligent products and solutions company headquartered in London, UK, with industry-leading expertise in Business Flow Monitoring and Operational Intelligence.
The transaction, which includes the purchase of select assets, bolsters HCL’s DRYiCE™ Platform and its positioning as an Enterprise A.I Foundation. Integration of Alpha Insight’s iControl product into the DRYiCETM suite of products provides deep visibility into end–to–end horizontal business flows and robust operational intelligence to Digital Enterprises. The proposed asset purchase consideration shall be up to £3.25 million including payments subject to certain financial milestones.
Kalyan Kumar – Chief Technology Officer – IT Services, HCL Technologies said, “HCL’s vision is to provide best–in–class A.I solutions for enterprises looking to reimagine themselves on the foundation of A.I technology. We welcome Alpha Insight and iControl into the fast-growing DRYiCE Product family and are excited about the new process transformation solutions that this partnership enables.”
Alpha Intelligence was founded in 2013 and specialises in the delivery of operational intelligence across the banking sector and offers a combined solution of product, professional services, financial sector knowledge and technical monitoring skills. The turnover of the entity for the financial year ended December 2016 was GBP 3.2 million.
Shakir Ladak – Chief Technology Officer and Founder, Alpha Insight said, “We are tremendously excited by this agreement which allows us to benefit from HCL’s expertise and client coverage, whilst fulfilling our vision to further expand iControl as a strategic operational intelligence platform.”
According to the company, HCL’s statement, Alpha Insight’s existing industry expertise in financial services processes will now be expanded to other major industries such as retail, manufacturing, utilities and life sciences, among others.