HCLTech and Guardian sign a new expanded partnership agreement for AI-based modernization of technology and operations

Acquisitions

Summary

HCLTech signed a seven-year expanded agreement with Guardian to modernize its technology and operations with AI. The partnership aims to improve efficiency, accelerate value creation, and build insurance-specific AI capabilities and intellectual property. HCLTech will extend its AI Force platform and support Guardian across data, applications, engineering, and operations. As part of the deal, HCLTech will acquire Guardian India and bring nearly 2,000 employees into a dedicated unit focused on Guardian's transformation.

Classifications

industries
Fintech & Banking
applications
ERP & Process Management

AskAI Classifications

Labels
Enterprise Software AI Platform Software Cloud Software

Linked Companies

HCLTech
$1B+