Tagged With "HCL"

At first I thought HCL was Hertz Commercial Lease. I'm getting told old for this. This confirms the report we had a few months ago that AP & AR would be moved off-shore.

So soon? April 1st is already in 1,5 week....

Xerox is clearly cutting costs any way they can. Closing offices, layoffs, and now moving jobs off-shore.

ASHBURN, Va. , July 9, 2019 /PRNewswire/ -- CyFIR, an enterprise software and managed services company that provides digital forensics and incident response solutions, today announced a new partnership with HCL to give users of BigFix the ability to remotely investigate and triage security incidents. "The CyFIR Enterprise Platform allows organizations to see more, know more, and respond instantly to what's going on in their environment," said CyFIR CEO Brian Cook . "Partnering with HCL will...

by non other than XBS (former Global) Stewart in NJ. Heritage is resells Canon, Kyocera, KIP and Oce wide format. For the life of me I can't figure out why XBS would do this especially when XBS itself has farmed out most of admin services to HCL. Only thing I now is that I'll be on the phone tomorrow with Heritage accounts to break the news them. https://www.heritagebusiness.com/

Xerox offloaded 4,500 jobs in the first half of 2019 through a mix of attrition, layoffs and a new outsourcing agreement, as the company enters its second year under the leadership of CEO John Visentin after a 2018 proxy battle led by billionaires Carl Icahn and Darwin Deason. Xerox has its headquarters in Norwalk, with the company’s global workforce dropping below 28,000 employees as of the end of June. In March, Xerox announced an extension of an outsourcing agreement with HCL, which...

A good source is telling me that select Xerox employees received letters today detailing their transition to HCL or severance. There is call that's scheduled for 11AM PST today. Hoping to hear more later on this. Here's the web link on HCL Press Release: Mumbai, Mar 19 : HCL Technologies has entered into a shared services arrangement with Xerox Corporation to provide certain global administrative and support functions. The transaction revenue over the course of seven years will be 1.3...

I posted a thread on the forums a little earlier today. Thought I would change things up a bit and give you this.

HCL Technologies (HCL), a leading global technology company, and Cherwell Software, LLC (Cherwell), a global leader in service management, today announced a product platform that layers the DRYiCE™ GBP (Gold Blue Print for Service Management) on the Cherwell Service Management platform. The companies’ Enterprise Service Management solution is designed to help their shared customers improve technology adoption, realize quicker time-to-value for new technology investments, and simplify system...

My theory is that Xerox is further investing its dealer channel in advance of being acquired (potentially by HP). This would help increase the value of Xerox in HP eyes as HP's interest in acquiring Xerox is largely based on Xerox's dealer/reseller networks.

Someone is gonna make some big bucks when HP plus the trigger

Very happy with this news. A fierce competitor bought by a company that is easily beaten.

While I understand the profits are awesome, the stock price is unreal, I still have suspicion that there is an additional axe to drop in the near future. It's obvious that Xerox and Fuji are still at odds, and looming in 2020 is the renewal of the OEM agreement for Fuji-Xerox