HCL Tech, NEC enter JV deal

HCL Technologies has entered into a joint venture (JV) agreement with Japan's NEC Corporation.

According to a release issued by HCL Tech to the BSE, the company  would provide offshore led software engineering solutions in embedded software, hardware design, network & security, R&D, high performance computing, and mobile technology to NEC, its subsidiaries and their clients, in Japan and globally.

As per the JV arrangement, NEC Corporation and its subsidiary, NEC System Technologies, will pick up 51% stake in the JV while the remaining 49% will be held by the company.