HCL Tech Shares Gain 2% on Partnering Up with Strategy 

Shares of IT services giant HCL Technologies Ltd were trading 2% higher on 5 December after the company announced a strategic relationship with Strategy, the world’s largest independent publicly traded enterprise analytics company (previously MicroStrategy).  

This venture will speed up the global adoption and implementation of Strategy Mosaic, Strategy’s AI-powered universal semantic layer for enterprise clients globally. As part of the engagement, Strategy has identified HCLTech as a preferred enterprise solution and professional services partner.  

HCLTech will combine its consulting services and AI-intrinsic technology knowledge with Strategy’s engineering team to assist global clients in integrating Strategy Mosaic into complex, multicloud systems at scale.

The collaboration brings together the professional services teams of both organisations to help corporations operate in demanding data environments. The collaborative effort seeks to provide a seamless and scalable deployment of Strategy Mosaic.

Ponna Arumugam, Chief Technology Officer of Strategy, said, “HCLTech has consistently proven its technical thought leadership, reliability and flexibility, alongside an unwavering commitment to client success. We’re looking forward to this strategic partnership, which is key to ensuring Strategy Mosaic can be rolled out seamlessly across the world’s largest, most complex organisations.”

“Our collaboration with Strategy reflects a shared commitment to providing enterprises with flexible, enterprise-grade, AI-ready analytics solutions,” said Anil Ganjoo, Chief Growth Officer and Global Head of Telecom, Media, Publishing & Entertainment and Technology at HCLTech.

At 1:10 pm, the shares of HCL Tech were trading 1.94% higher at Rs 1,686.70 on NSE. 

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