Friday May 9, 05:44 AM

HCL Acquires Banking Software Company

ComputerWire Staff

Indian IT services company HCL Infosystems has acquired India-based banking software company Natural Technologies for INR 83.9m ($2.03m) to expand its foothold in the domestic banking and financial services market.

HCL plans to develop Natural Technologies' Jaipur facility into a banking center of excellence that will develop products for the banking and financial sector.

Ripu Dhaman, managing director at NTPL, said: "This is a major collaboration between HCL Infosystems and NTPL that will reinforce HCL's focus on System Integration in the BFSI domain through our niche banking infrastructure and bilingual offerings."