Press release

HCL Technologies Partners with Cherwell Software to Introduce DRYiCE Gold Blue Print on the Cherwell Service Management Platform

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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
upgrades. HCL Technologies’ process simplifies IT service design and
management for customers, while Cherwell’s low-code platform offers the
easy customization of new IT services and the extension of digital
services beyond IT. DRYiCE™ GBP will be available as an implemented
image on top of the Cherwell Service Management platform and will become
a new offering for HCL Technologies.

“We are pleased to offer Cherwell’s advanced service management
platform for delivery within our industry-leading ITSM process ecosystem
with DRYiCE™ GBP and also provide our customers with rapid flexibility
and choice to deploy the product on a codeless platform,” said Kalyan
Kumar, Corporate Vice President and CTO – IT Services at HCL Technologies
.
“HCL will also extend the DRYiCE™ Software Product Portfolio into the
Cherwell Service Management platform.”

“Our partnership with HCL Technologies significantly extends Cherwell’s
global reach with a recognized leader in IT managed services and systems
integration,” said Sam Gilliland, Chief Executive Officer of Cherwell. “Combined
with HCL’s DRYiCE™ software, we’re able to offer even greater value to
our mutual customers.”

About HCL Technologies

HCL Technologies (HCL) is a leading global technology company that helps
global enterprises re–imagine and transform their businesses through
Digital technology transformation. HCL operates out of 44 countries and
has consolidated revenues of US$ 8.4 billion, for 12 Months ended 31st
December 2018. HCL focuses on providing an integrated portfolio of
services underlined by its Mode 1–2–3 growth strategy. Mode 1
encompasses the core services in the areas of Applications,
Infrastructure, BPO and Engineering & R&D services, leveraging DRYiCE™Autonomics to transform clients’ business and IT landscape, making
them ‘lean’ and ‘agile’. Mode 2 focuses on experience–centric and
outcome–oriented integrated offerings of Digital & Analytics, IoT
WoRKS™, Cloud Native Services and Cybersecurity & GRC services to drive
business outcomes and enable enterprise digitalization. Mode 3 strategy
is ecosystem–driven, creating innovative IP–partnerships to build
products and platforms business. HCL leverages its global network of
integrated co-innovation labs and global delivery capabilities to
provide holistic multi–service delivery in key industry verticals
including Financial Services, Manufacturing, Telecommunications, Media,
Publishing, Entertainment, Retail & CPG, Life Sciences & Healthcare, Oil
& Gas, Energy & Utilities, Travel, Transportation & Logistics and
Government. With 132,328 professionals from diverse nationalities, HCL
focuses on creating real value for customers by taking
‘Relationships Beyond the Contract’. For more information, please visit www.hcltech.com.

About Cherwell Software

Cherwell (@Cherwell)
empowers organizations to transform their business through the rapid
adoption and easy management of digital services. Cherwell’s adaptable
platform has enabled thousands of organizations to modernize their
business operations with customizable service management, automation,
and reporting across the enterprise. For more information, visit: http://www.cherwell.com.

Forward–looking Statements

Certain statements in this release are forward-looking statements, which
involve a number of risks, uncertainties, assumptions and other factors
that could cause actual results to differ materially from those in such
forward-looking statements. All statements, other than statements of
historical fact are statements that could be deemed forward-looking
statements, including but not limited to the statements containing the
words ‘planned’, ‘expects’, ‘believes’, ‘strategy’, ‘opportunity’,
‘anticipates’, ‘hopes’ or other similar words. The risks and
uncertainties relating to these statements include, but are not limited
to, risks and uncertainties regarding impact of pending regulatory
proceedings, fluctuations in earnings, our ability to manage growth,
intense competition in IT services, business process outsourcing and
consulting services including those factors which may affect our cost
advantage, wage increases in India, customer acceptances of our
services, products and fee structures, our ability to attract and retain
highly skilled professionals, our ability to integrate acquired assets
in a cost-effective and timely manner, time and cost overruns on
fixed-price, fixed-timeframe contracts, client concentration,
restrictions on immigration, our ability to manage our international
operations, reduced demand for technology in our key focus areas,
disruptions in telecommunication networks, our ability to successfully
complete and integrate potential acquisitions, the success of our brand
development efforts, liability for damages on our service contracts, the
success of the companies/entities in which we have made strategic
investments, withdrawal of governmental fiscal incentives, political
instability, legal restrictions on raising capital or acquiring
companies outside India, and unauthorized use of our intellectual
property, other risks, uncertainties and general economic conditions
affecting our industry. There can be no assurance that the
forward-looking statements made herein will prove to be accurate, and
issuance of such forward-looking statements should not be regarded as a
representation by the Company, or any other person, that the objective
and plans of the Company will be achieved. All forward-looking
statements made herein are based on information presently available to
the Management of the Company and the Company does not undertake to
update any forward-looking statement that may be made from time to time
by or on behalf of the Company.