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Monday 9 August 2021

Company Updates 6.8.21 to 9.8.21

HCL Technologies named a Leader in 2021 Gartner® Magic QuadrantTM for Public Cloud IT Transformation Services

HCL Technologies (HCL), a leading global technology company, has been recognized by Gartner, a company that delivers actionable, objective insight to executives and their teams, as a leader in its 2021 Magic Quadrant for Public Cloud IT Transformation Services.

The report evaluates companies that provide transformational IT outcomes and services, built and delivered with native Public Cloud infrastructure and platform services. HCL differentiated itself from the competition with its customized approach and breadth of offerings. With deep vertical capabilities and the ability to co-create solutions for industry clients, HCL helped its clients achieve IT transformation. HCL’s heavy investments in start-ups to help drive innovation, IP and vertical solutions with speed and agility is also a key reason 100 percent of client references recommend HCL for Public Cloud IT Transformation Services.

HCL views this recognition as a validation of its strong cloud culture, solutions, experience and inhouse talent.

“We have built our public cloud capabilities, through dedicated ecosystem units that cater to the specialized needs of our customers and bring certainty in their cloud journeys,” said Kalyan Kumar, Chief Technology Officer and Head, Ecosystems, HCL Technologies. “Our Cloud Smart strategy is complemented by the breadth of our offering and the customized approach that we take to ensure long-term transformational value for our customers’ cloud investments.”

HCL Cloud Smart is a suite of industry-aligned offerings, capabilities, products and platforms to help enterprises build a smart and agile business driven by innovative cloud services and intelligent automation, cutting across all three business segments – IT and Business Service, Engineering and R&D Services, and Products and Platforms. Working with customers by leveraging a strategic ecosystem of partnerships with leading cloud providers and technology leaders, HCL Cloud Smart creates an adaptive portfolio of pioneering industry cloud-based solutions and services that meet the demands of modern businesses. It is powered by more than 40,000 certified cloud professionals, 3,000 industry use cases, 30 industry cloud solutions and 12,000 cloud assets, including 4,000 automation artifacts.

According to Gartner, “Providers in this market offer solutions designed to deliver transformational IT outcomes via cloud-native professional and managed services built exclusively from public hyperscale cloud infrastructure and platform services. Organizations seeking to use public clouds like Amazon Web Services, Google Cloud, Microsoft Azure, and other ‘hyperscale’ platforms engage with providers in this market to get the greatest transformational benefits from cloud services.”

Magic QuadrantTM for Public Cloud IT Transformation Services, Mark Ray, Tobi Bet, David Groombridge, Craig Lowery, DD Mishra, William Maurer, 02 August 2021,

Gartner® does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner® research publications consist of the opinions of Gartner®’s research organization and should not be construed as statements of fact. Gartner® disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.


TCS Recognized with an Overall Positive Vendor Rating by Gartner®

), a leading global IT services, consulting and business solutions organization, has been recognized with an Overall Positive Rating in the recent Vendor Rating report by Gartner Inc1 , based on a holistic evaluation covering the company’s Strategy, Product/ Service, Pricing Structure, Technology/ Methodology, Support/ Account Management and Corporate Viability.

“We are pleased to receive this Overall Positive Vendor Rating. We believe, it is a reflection of staying relevant to our customers, our ability to execute programs successfully and holistically embracing the SBWS™ framework with our comprehensive portfolio of products, services and methodologies. We are committed to investing ahead of time anticipating client needs and continue to develop our internal talent pool,” said NG Subramaniam, Chief Operating Officer and Executive Director, TCS. 

The evaluation gave TCS a Strong rating for its Technology/ Methodology and Support/ Account Management. Additionally, TCS received a Positive rating for its Strategy, Product/ Service, Pricing Structure, and Corporate Viability.

TCS partners with some of the world’s largest corporations in their innovation, growth and transformation initiatives. In the past year, it has expanded and deepened relationships, deploying very impactful solutions, and winning some of its largest deals till date. In the post-pandemic world, TCS is helping customers look beyond the products and services they sell, to the purpose behind their existence, defining the blueprint for their transformation journey and layering this approach with resilience and adaptability.

The company has been steadily launching new services to cater to different stakeholders within the enterprise, as well as new products and platforms. It has been systematically investing in research and innovation, taking up promising themes in each industry, and collaborating with domain experts to build innovative solutions that are proactively showcased to customers. Customers can leverage TCS’ global network of Pace Port™ co-innovation and advanced research centers, as well as its extended innovation ecosystem consisting of 2,400 start-ups and 67 academic partners, to accelerate their innovation and successfully navigate their growth and transformation journeys.

TCS has been investing in organic talent development initiatives at scale to help its employees negotiate technology change. Till date, over 407,000 employees have been trained in digital technologies and over 19,000 Contextual Masters have been identified. Its organic talent development initiatives have led to superior learning outcomes, and along with progressive HR policies, resulted in best-in-class talent retention

Additionally, TCS has alliance partnerships with all the major technology providers, and works closely with them to launch and jointly market industry-specific solutions that leverage their technologies, and TCS’ domain knowledge. 

Wipro appoints Jason Eichenholz as Global Partnerships Lead

a leading global information technology, consulting, and business process services company, today announced the appointment of Jason Eichenholz as Senior Vice President and Global Partnership Lead.

With over two decades of experience working in enterprise technology, Eichenholz brings deep cloud experience and a passion to couple technology with best-in-class sales and service techniques to Wipro. He will lead Wipro’s efforts across all partnerships.

Eichenholz joins Wipro from Deloitte Consulting where he served in various leadership positions for over eleven years. His most recent role was as the Managing Director, National Sales & GTM Leader – Cloud, where he oversaw go-to-market activity and created joint go-to-market campaigns with AWS, Microsoft, Google, VMWare, Oracle Cloud and Salesforce/Mulesoft. Prior to his Cloud role, Eichenholz was part of the leadership team that founded Deloitte Digital and established an ecosystem of partners and offerings centered around Salesforce. He also held leadership positions at Oracle, Siebel Systems after starting his consulting career at PWC.

Eichenholz will be based in Florida and report to Stephanie Trautman, Chief Growth Officer

 “As clients accelerate their cloud programs and reimagine their businesses, they want their partners to come together and deliver a seamless, innovative solution and a great client experience,” said Stephanie Trautman, Chief Growth Officer, Wipro Limited. “I am thrilled that Jason will be leading our Global Partnerships. He brings to Wipro extensive Cloud experience, relationships with several of our key partners and a passion for growth. He will have a strong team of leaders from across our business who will define and champion our success with our partners and with our clients.”

“I am excited to have the opportunity to lead Wipro’s Global Partnerships organization and help our clients take advantage of the latest cloud and digital technologies to accelerate their business,” said Jason Eichenholz. “With the launch of Wipro FullStride Cloud Services and Wipro’s industry expertise, we will look to expand existing technology partnerships, develop new ones, and architect innovative, industry specific solutions and ecosystems that we can bring to our clients.”

TAKE Solutions forms strategic partnership with H.I.G. Capital to accelerate growth of Navitas Life Sciences

TAKE Solutions, a globally recognized domain intensive services provider in life sciences, today announced it has entered into a definitive agreement for a strategic partnership with an affiliate of H.I.G. Capital, a leading global alternative investment firm with $45 billion of equity capital under management. Through this strategic alliance, an affiliate of H.I.G. will be acquiring a 75% stake of Navitas Life Sciences, a wholly owned subsidiary of TAKE, to support the current management team in accelerating their growth plan and enabling TAKE to capture future Navitas growth potential.

Headquartered in Princeton, NJ, Navitas Life Sciences delivers full-service CRO, FSP expertise in data sciences, and regulatory and safety solutions for large blue chip pharmaceutical and biotech clients across North America, Asia Pacific, and Latin America. Navitas has over 30 years of rich experience across 550+ phase I-IV clinical trials, 1100 bioequivalence studies, 20+ therapeutic areas, and 40+ successful GCP/non-GCP audits. 

The H.I.G. family of funds includes private equity, growth equity, real estate, debt/credit, and a dedicated life science fund. Their seasoned investment team has extensive and diverse experience across the entire value chain of healthcare and life sciences, from novel products targeting unmet medical needs, API or medical device manufacturers and distributors, large pharmaceutical and small biotechnology companies, to healthcare payors and benefit managers. 

“We are delighted to partner with H.I.G. in our mission to accelerate access to outstanding drug development outcomes to people across the world by harnessing the power of technology and domain knowledge. H.I.G., with its global network and diverse experience across healthcare and life sciences, makes them an ideal partner to support Navitas’ continued growth as a Global Next Generation CRO”, said Srinivasan H R, Vice Chairman & Managing Director, TAKE Solutions. “H.I.G. has an excellent track record of building businesses and creating shareholder value, so this partnership is crucial for TAKE and TAKE’s shareholders. This transaction is a validation of our business model and its future growth prospects.” 

"The strength of Navitas’ global platform, with delivery centers in the U.S. and India, provides unmatched solutions for its blue chip, global client base. We are excited to partner with Navitas’ talented leadership team and highly dedicated employees to further enhance the power of the platform and invest in delivery additional value for clients.” said Camilo Horvilleur, Managing Director at H.I.G. Capital. “Navitas’ capabilities go well beyond a traditional CRO as the Company leverages its expertise and technology for innovation and growth. As technology becomes an integral part of drug development value chain, we expect Navitas to become an increasingly important strategic partner to life sciences companies.” 

The transaction is expected to close in the fourth quarter of 2021, subject to shareholder, regulatory and other customary approvals. 

Avendus Capital served as financial advisor, Cyril Amarchand Mangaldas and Stark & Stark acted as legal counsels, and Ernst & Young as accounting and tax diligence advisor to TAKE Solutions. Crosstree Capital Partners served as advisor to H.I.G., McDermott Will & Emery and AZB & Partners provided legal advice.