Equipos (now SimCorp Coric) and HCL Forge Award-Winning Global Client Reporting Partnership

Equipos (now SimCorp Coric), the leading provider of client communications and reporting solutions for buy-side investment firms, has entered into partnership with HCL Technologies a leading global IT services provider. Under terms of the agreement HCL will deliver and support the Equipos (now SimCorp Coric) Coric Client Communications Suite globally.

Coric allows client services teams to respond quickly and efficiently to ever-changing reporting requirements, without recourse to IT. It is controlled by client services professionals via a range of easy-to-use dashboards and automated workflow tools. Coric generates premium quality reports, incorporating customized data, charts and personalized commentaries, and delivers them in print, online or via mobile devices.

“HCL and Equipos (now SimCorp Coric) share a common goal of transforming technology into competitive advantage. Equipos (now SimCorp Coric) brings domain expertise in investment management, financial reporting and client communications, while HCL brings extended reach, integrated offerings and system integration expertise. The partnership will help wealth and asset managers with extensive global communications and engagement management requirements to increase efficiency and enrich client experience,” said Rahul Singh, President Financial Services & Business Services, HCL Technologies.

Dominic Ryan, Head of Sales, EMEA and Asia Pacific at Equipos (now SimCorp Coric), commented: “Equipos (now SimCorp Coric) is proud to join HCL’s impressive list of world-class partners. Both companies have an established presence in the global financial services sector and clients will benefit not only from our complementary middle and back-office solutions, but from our best practice approach. This partnership with HCL will ensure consistent, high quality delivery and support for Coric clients.”

About HCL Technologies

HCL Technologies is a leading global IT services company, working with clients in the areas that impact and redefine the core of their businesses. Since its inception into the global landscape after its IPO in 1999, HCL focuses on ‘transformational outsourcing’, underlined by innovation and value creation, and offers integrated portfolio of services including software-led IT solutions, remote infrastructure management, engineering and R&D services and BPO. HCL leverages its extensive global offshore infrastructure and network of offices in 26 countries to provide holistic, multi-service delivery in key industry verticals including Financial Services, Manufacturing, Consumer Services, Public Services and Healthcare. HCL takes pride in its philosophy of ‘Employee First, Customer Second’ which empowers our 83,076 transformers to create a real value for the customers. HCL Technologies, along with its subsidiaries, has reported consolidated revenues of US$3.9 billion (18,334 crores), as on 31 December 2011 (on LTM basis). For more information, please visit www.hcltech.com

About HCL Enterprise

HCL is a $6billion leading global technology and IT enterprise. Founded in 1976, HCL’s range of offerings includes product engineering, custom & package applications, BPO, IT infrastructure services, IT hardware, systems integration, and distribution of information and communications technology (ICT) products across a wide range of focused industry verticals. The HCL team consists of over 90,000 professionals of diverse nationalities, who operate from 31 countries including over 500 points of presence in India. HCL has partnerships with several leading global 1000 firms, including leading IT and technology firms. For more information, please visit www.hcl.com

About Equipos (now SimCorp Coric)

Founded in 1999, Equipos (now SimCorp Coric) is a leading international supplier of automated client communications and client reporting solutions with historical roots in the private client and investment reporting sector. Coric empowers client services staff to create visually appealing client reports, fund fact sheets, UCITS IV KIID, meeting packs and presentations, and other client communications without recourse to IT. Our solutions increase operationally efficiency, enhance client service and support regulatory compliance. Equipos (now SimCorp Coric) is a privately owned business with offices in North America and the UK. Clients are served directly or via our rapidly expanding partner network. Coric was awarded Waters Buy-Side Client Reporting Platform of the Year 2011.