HCL Technologies' Banking, Financial Services and Insurance Group Banks on Service Oriented Architecture (SOA).

BOSTON -- Industry Leader Delivers Two Presentations on "Implementing SOA in a Mission-Critical Business Environment" at the Gartner Financial Services Technology Summit

HCL Technologies Ltd. (HCLT), one of India's leading global IT services companies, will illustrate how Service Oriented Architecture (SOA) can be implemented in an enterprise-wide mission-critical and transactional platform at the annual Gartner Financial Services Technology Summit, August 28-30, 2006, at the Copley Marriott Hotel in Boston. Drs. Patrick Maes, Principal, Investment & Transactional Banking, HCL Technologies, will lead two presentations focused on how to implement SOA in "mission-critical" business environments, such as Payments and Trade Execution. HCL Technologies' Banking, Financial Services and Insurance Group has proven capabilities and deep expertise in implementing SOA in critical business functions, with a track record of working with leading Financial Services companies across the globe.

SOA is a collection of services within a distributed systems architecture that communicate with each other, are self-contained, and do not depend on the context or state of the other services. SOA can be considered an evolution in architecture, as it captures many of the best practices of prior architectures. According to a recent Gartner report(1), worldwide spending in the application integration and middleware market, which encompasses most of SOA, jumped seven percent from 2004 to 2005. Furthermore, a recent Research and Markets(2) report indicates that SOA markets will likely reach $18.4 billion by 2012, up from $450 million in 2005. Banks and Insurance Companies are going to be the fore-runners in driving this growth in SOA.

"SOA is the next major inflexion point in application architecture," stated Drs. Maes. "HCL views SOA as more than implementing service-based interfaces and common business functions such as Business Process Management (BPM) and Business Activity Monitoring (BAM) -- it must include Common Data Representation as a component of the implementation. Furthermore, it is our vision that one day the Service Oriented Architecture will become 'self-serviced.'"

In this next phase of Service Oriented Architectures, centralized workflow processing will be replaced by "intelligent objects" acting upon facts and events. This architecture allows implementation of complex business logic without having to invest in a centralized workflow component, and consequently builds new business functionality on existing architectures.

The Financial Services industry is constantly facing challenges related to the use of legacy IT platforms. As such, banks and insurance companies today are looking at modern and agile architectures, making them prime candidates for early adoption of SOAs. HCL's Financial Services group delivers integrated services in technology, business process operations and infrastructure services for retail and corporate banks, capital markets and insurance companies.

Drs. Maes will lead two sessions on August 29th. His first session, entitled "Implementing SOA in a Mission-Critical" Business Environment - Part 1," will be delivered from 9:15-9:45 a.m.; the second session, entitled "Implementing SOA in a Mission Critical Business Environment - Part II: Using SOA in Payments," will be delivered from 9:50-10:15 a.m. For more details on these presentations, please visit: http://www.hcltech.com/Events/upcomingevents/index.asp.

About HCL's Banking, Financial Services and Insurance Group

HCL Technologies' Banking, Financial Services and Insurance Group is built on domain competencies spanning Retail and Corporate Banking, Capital Markets and Insurance. Partnering with this large financial institution, HCL has delivered significant transformational projects that go beyond cost reduction, offering value additions through productivity gains and value multiplication through redesigned and reengineered processes. HCL's Retail and Corporate Banking Services practice is aligned on the basis of the expertise and capabilities the company has acquired in the various micro-verticals of core banking, loans and mortgages, treasury and cash, trade finance, cards, multi-channel and private banking.

The company's Global Insurance Practice, driven through a dedicated Insurance Service Development Centre, has proven delivery capabilities in Life Insurance and Pension, Property and Casualty Insurance (Non-life insurance) and Reinsurance. For more information please visit http://www.hcltech.com/IndustrySolutions/FinancialServices

About HCL Enterprise

HCL Enterprise is a leading global technology and IT enterprise that comprises two companies listed in India - HCL Technologies & HCL Infosystems. The 3-decade-old enterprise, founded in 1976, is India's original IT garage start-up. Its range of offerings span Product Engineering, Technology and Application Services, BPO, Infrastructure Services, IT Hardware, Systems Integration, and distribution of ICT products. The HCL team comprises approximately 36,000 professionals of diverse nationalities, who operate from 16 countries including 300 points of presence in India. HCL has global partnerships with several leading Fortune 1000 firms, including leading IT and Technology firms. For more information please visit www.hcl.in

About HCL Technologies

HCL Technologies is one of India's leading global IT Services companies, providing software-led IT solutions, remote infrastructure management services and BPO. Having made foray into the global IT landscape in 1999 after its IPO, HCL Technologies focuses on Transformational Outsourcing, working with clients in areas that impact and re-define the core of their businesses. The company leverages an extensive global offshore infrastructure and its global network of offices in 16 countries to deliver solutions across select verticals including Financial Services, Retail & Consumer, Life Sciences Aerospace, Automotive, Semiconductors, Telecom and MPE (Media Publishing & Entertainment). For the twelve-month period ended 30th June 2006, HCL Technologies, along with its subsidiaries, had revenues of US$ 976 million (Rs. 4,388 crore) and employed 32,626 professionals. For more information, please visit www.hcltech.com

(1) Gartner, June 6, 2006, "Market Share: AIM and Portal Software, Worldwide, 2005"

(2) Markets and Research, June 2006, "Services Oriented Architecture (SOA) Market Opportunities, Strategies, and Forecasts, 2006 to 2012"