Enclosed please find a release on the captioned subject.
Awaiting price reaction for this filing.
HCLTech has been selected by ASISA, a leading Spanish health insurance provider, as its strategic IT partner to accelerate digital transformation and expansion in the Iberia region. HCLTech will modernize ASISA's IT platforms using AI-based solutions and comprehensive mainframe modernization to serve ASISA's 2.2 million customers more efficiently. ASISA is the Spanish healthcare leader, comprising over 70 companies, 19 hospitals, and 39 multi-specialty medical centres, and is owned by the largest European healthcare cooperative, Lavinia S. Coop. The deal underscores HCLTech's growing investments in the Iberian market and its Financial Services and Healthcare verticals.
This is a strategic partnership win that strengthens HCLTech's presence in Europe and adds credibility in the healthcare/insurance vertical. Should be viewed positively by investors as a marquee contract, though financial terms were not disclosed and immediate revenue impact is not quantified.