HCL Acquires Banking Software Company

By ComputerWire Staff Computer Business Online - Friday, May 9 06:44 am

Indian IT services company HCL Infosystems has acquired India-based banking software company Natural Technologies for INR 83.9m ($2.03m) to expand its foothold in the domestic banking and financial services market.

HCL plans to develop Natural Technologies' Jaipur facility into a banking center of excellence that will develop products for the banking and financial sector.

Ripu Dhaman, managing director at NTPL, said: "This is a major collaboration between HCL Infosystems and NTPL that will reinforce HCL's focus on System Integration in the BFSI domain through our niche banking infrastructure and bilingual offerings."

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