SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

HCL Technologies inks agreement with SPIELO International UK

13 Sep 2013 Evaluate

HCL Technologies (HCL) has entered into a contract with GTECH S.p.A.’s subsidiary- SPIELO International UK to provide technical operations services that have been previously provided in-house. Under the terms of the agreement with HCL, SPIELO affiliate Boss Media AB expects to transfer to HCL the employment of approximately 160 technical operations services employees currently based in Vaxjo, Sweden. The agreement is subject to certain closing conditions.

Under a multi-year services agreement, HCL will provide software services relating to, among other matters, Boss Media's existing systems. All services provided by HCL under this agreement will be subject to the oversight, direction, and management of SPIELO.

HCL will also provide coding and technical services subject to SPIELO's strict Quality Assurance standards. SPIELO will continue to own all current and future Intellectual Property, customer contracts and agreements, and will continue to be fully responsible for providing its customers with product specifications, design, deliveries, and ongoing service.

Negotiations with trade union representatives have been initiated, with the goal of transferring the affected employees to HCL by November 1, 2013. The closing of the agreement is expected following the completion of the employee transfer.

HCL Tech. Share Price

1194.95 -3.65 (-0.30%)
11-May-2026 16:59 View Price Chart
Peers
Company Name CMP
TCS 2392.45
Infosys 1176.80
HCL Tech. 1194.95
Wipro 196.60
Tech Mahindra 1457.10
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×