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Hewlett-Packard Co Beats TCS, Wipro To Win INR400 Crore (INR4 Billion) Corporation Bank Contract-The Economic Times

Tuesday, 2 Jul 2013 10:04am EDT 

The Economic Times reported that technology services company Hewlett-Packard Co won a INR400-crore (INR4 Billion) technology outsourcing contract from public sector lender Corporation Bank, beating India's IT firm Tata Consultancy Services and Wipro. The contract is for switching and managing the bank's core-banking software from the current version made by Chennai-based software company Polaris Financial Technology to Finacle, made by Bangalore-based Infosys. The deal can be extended for a further three years at the bank's discretion. Under the terms, HP will also design and implement necessary enterprise software besides setting up and maintaining the bank's data centre. 

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