HCL Technologies Ltd.

HCL Technologies has bagged a $200 million deal from Bank of America Merrill Lynch (BofA-ML). The five-year deal involves remotely managing the IT infrastructure of the North Carolina-based banking and financial services giant and consolidating the data centres and managing its network across different countries, according to sources in the company.

Further, the deal also includes managing some technologies that the bank is using to cut down on physical visits and technologies that can lower costs of regulatory compliance in addition to maintaining their banking systems.

HCL Technologies is a leading global IT services company working with clients in the areas that impact and redefine the core of their businesses. HCL leverages its extensive global offshore infrastructure and network of offices in 31countries to provide holistic, multi-service delivery in key industry verticals including Financial Services, Manufacturing, Consumer Services, Public Services and Healthcare & Life sciences.