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HCLTech has been recognized as a Leader in Everest Group's ISV and Internet-specific Software Product Engineering Services PEAK Matrix® Assessment 2024. This comprehensive study evaluated 32 global engineering service providers.
As per Everest Group, Leaders possess a comprehensive partner ecosystem comprising of hyperscalers, data and analytics partners and other enterprise technology providers. These partnerships are strategically leveraged for co-innovation and GTM initiatives. Their end-to-end value chain offering, availability of skilled talent across shores, high focus on AI-based technologies along with a global presence as well as credible investments in developing a robust IP suite enable them to gain significant enterprise mindshare.
“HCLTech has reinforced its leadership in the ISV and internet vertical through its comprehensive service offerings, robust partner ecosystem and strategic service enablement investments,” says Mayank Maria, Vice President at Everest Group.
“The firm has exhibited flexibility in engaging through innovative deal constructs such as product carve-outs and emerging pricing models. ISV clients appreciate HCLTech for its technical expertise, investments in talent upskilling and proactive leverage of AI/ML-based solutions for operational efficiencies.”
Key highlights of the excerpt:
- HCLTech has achieved remarkable revenue growth from the ISV and internet vertical, driven by multiple new deals. It’s focus on strengthening existing client relationships has led to a significant growth in the Annual Contract Value (ACV).
- It has a robust partner ecosystem comprising of hyperscalers, data and analytics players, other enterprise technology providers (automation, low-code no-code, cybersecurity) and academia.
- The firm has bolstered its technical capabilities and domain expertise across emerging themes through credible investments and acquisitions. Furthermore, it also makes significant use of innovative pricing models such as revenue sharing, risk-reward and outcome-based pricing.
- HCLTech has a balanced presence across all major geographies and throughout the software value chain, enabling diversification and resilience during economic downturns.
- The firm actively leverages emerging deal constructs such as product carve outs and has developed dedicated services / IP solutions tailored for private equity firms.
- Clients appreciate HCLTech for its technical expertise (especially across software product development and testing), ability to bring innovative ideas/approaches (leveraging IP and accelerators) to engagements and effective attrition management practices.
Download the excerpt to learn more.
Disclaimer:
Licensed extracts taken from Everest Group’s PEAK Matrix® Reports, may be used by licensed third parties for use in their own marketing and promotional activities and collateral. Selected extracts from Everest Group’s PEAK Matrix® reports do not necessarily provide the full context of our research and analysis. All research and analysis conducted by Everest Group’s analysts and included in Everest Group’s PEAK Matrix® reports is independent and no organization has paid a fee to be featured or to influence their ranking. To access the complete research and to learn more about our methodology, please visit Everest Group PEAK Matrix® Reports.
About Everest Group
Everest Group is a leading global research firm helping business leaders make confident decisions. Everest Group's PEAK Matrix® assessments provide the analysis and insights enterprises need to make critical selection decisions about global services providers, locations and products and solutions within various market segments. Likewise, providers of these services, products and solutions, look to the PEAK Matrix® to gauge and calibrate their offerings against others in the industry or market. Find further details and in-depth content at www.everestgrp.com.
HCLTech has been recognized as a Leader in Everest Group's ISV and Internet-specific Software Product Engineering Services PEAK Matrix® Assessment 2024. This comprehensive study evaluated 32 global engineering service providers.
As per Everest Group, Leaders possess a comprehensive partner ecosystem comprising of hyperscalers, data and analytics partners and other enterprise technology providers. These partnerships are strategically leveraged for co-innovation and GTM initiatives. Their end-to-end value chain offering, availability of skilled talent across shores, high focus on AI-based technologies along with a global presence as well as credible investments in developing a robust IP suite enable them to gain significant enterprise mindshare.
“HCLTech has reinforced its leadership in the ISV and internet vertical through its comprehensive service offerings, robust partner ecosystem and strategic service enablement investments,” says Mayank Maria, Vice President at Everest Group.
“The firm has exhibited flexibility in engaging through innovative deal constructs such as product carve-outs and emerging pricing models. ISV clients appreciate HCLTech for its technical expertise, investments in talent upskilling and proactive leverage of AI/ML-based solutions for operational efficiencies.”
Key highlights of the excerpt:
- HCLTech has achieved remarkable revenue growth from the ISV and internet vertical, driven by multiple new deals. It’s focus on strengthening existing client relationships has led to a significant growth in the Annual Contract Value (ACV).
- It has a robust partner ecosystem comprising of hyperscalers, data and analytics players, other enterprise technology providers (automation, low-code no-code, cybersecurity) and academia.
- The firm has bolstered its technical capabilities and domain expertise across emerging themes through credible investments and acquisitions. Furthermore, it also makes significant use of innovative pricing models such as revenue sharing, risk-reward and outcome-based pricing.
- HCLTech has a balanced presence across all major geographies and throughout the software value chain, enabling diversification and resilience during economic downturns.
- The firm actively leverages emerging deal constructs such as product carve outs and has developed dedicated services / IP solutions tailored for private equity firms.
- Clients appreciate HCLTech for its technical expertise (especially across software product development and testing), ability to bring innovative ideas/approaches (leveraging IP and accelerators) to engagements and effective attrition management practices.
Download the excerpt to learn more.
Disclaimer:
Licensed extracts taken from Everest Group’s PEAK Matrix® Reports, may be used by licensed third parties for use in their own marketing and promotional activities and collateral. Selected extracts from Everest Group’s PEAK Matrix® reports do not necessarily provide the full context of our research and analysis. All research and analysis conducted by Everest Group’s analysts and included in Everest Group’s PEAK Matrix® reports is independent and no organization has paid a fee to be featured or to influence their ranking. To access the complete research and to learn more about our methodology, please visit Everest Group PEAK Matrix® Reports.
About Everest Group
Everest Group is a leading global research firm helping business leaders make confident decisions. Everest Group's PEAK Matrix® assessments provide the analysis and insights enterprises need to make critical selection decisions about global services providers, locations and products and solutions within various market segments. Likewise, providers of these services, products and solutions, look to the PEAK Matrix® to gauge and calibrate their offerings against others in the industry or market. Find further details and in-depth content at www.everestgrp.com.