HCL Technologies Limited has informed the Exchange regarding 'Release - HCLTech expands partnership with The Standard to accelerate AI-led transformation and deliver digital-first services at scale '.
HCLTECH · price
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HCLTech announced an expansion of its partnership with Standard Insurance Company (The Standard), a US-based financial protection provider, to deliver AI-driven infrastructure and application services. HCLTech will deploy its GenAI platform 'AI Force' along with digital engineering and cloud services to support The Standard's shift to an IT products and services-based operating model. A new Joint Innovation Council and Digital Experience Office will drive the collaboration. Deal value was not disclosed. HCLTech is a global tech firm with over 223,000 employees and $13.8 billion in trailing 12-month revenue as of March 2025.
This is a positive development as it strengthens HCLTech's footprint in the US insurance sector and highlights growing demand for its AI-led services. While deal value is undisclosed, repeat engagement with an existing client signals trust and could contribute to revenue growth in the financial services vertical.