IT company HCL Technologies today said it has signed a five-year IT infrastructure outsourcing deal worth $300 million with Finnish recyclable product maker UPM.
As part of the agreement, HCL will provide data centre, end user support, network services and professional IT services to UPM.
"With this engagement, we aim to increase scalability and flexibility as well as ensure access to world class competences and best practices," UPM Chief Information Officer Turkka Keskinen said in a statement.
Around 250 UPM employees are expected to move to HCL by end of August 2012, the statement said.
HCL will set up a data centre in Finland and strengthen its existing Espoo delivery centre to provide the services, it added.
"We stay committed to creating transformational value for UPM in this engagement and look forward to a long and mutually rewarding relationship," HCL Technologies Infrastructure Services Division (ISD) President Anant Gupta said.
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