HCL Tech up 2% on pact with Freescale Semiconductor

HCL Tech signs a multi-year, multi-million IT Infrastructure Management deal with Freescale Semiconductor.

Shares of HCL Technologies was up 2% after the company today announced that it has signed a multi-year, multi-million IT Infrastructure Management deal with Freescale Semiconductor.

As per the terms of the deal, HCL Technologies will be the exclusive technology partner for Freescale, managing and strategically transforming their end-to-end corporate IT Infrastructure landscape.

With this, Freescale will develop more resilient systems, optimize its operational costs, increase visibility into IT operations, experience reduced technology complexity and improved quality, sustain highest levels of customer service and drive innovation to existing and new initiatives.

A combined volume of over 82,000 shares were traded on both the stock exchanges.