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.