KUALA LUMPUR, Jan 26 (Bernama) -- HCLTech announced it has signed a definitive agreement to acquire Singapore-headquartered Finergic Solutions Pte Ltd, a boutique wealth consulting firm.
In a statement, the global technology company said the transaction is slated for completion by April 30.
"With Finergic’s focused domain expertise, HCLTech is strategically positioned to strengthen its digital services capabilities in wealth management.
"This transformative transaction enables us to deliver advanced capabilities, foster innovation and unlock substantial synergies—empowering our clients to realise greater business outcomes across the financial services landscape," said HCLTech chief growth officer and global head - Financial Services, Srinivasan Seshadri.
Meanwhile, Finergic co-founders, Ganesh Swaminathan, Saravanan Kandaswamy and Senthil Kumar Sekar expressed their excitement about the future.
“We are delighted to become a part of HCLTech’s amazing growth journey. Our shared vision for the transformation of the financial services industry and complementary strengths position us to deliver even greater value to enterprises and create new opportunities for our people,” they said.
Founded in 2019, Finergic has built a strong global presence with a core focus on banking and wealth management transformation programmes. The integration of Finergic’s specialised capabilities with HCLTech’s global scale is anticipated to drive significant synergies and elevate service delivery across the financial services and wealth management sectors.
The acquisition is a strategic move to strengthen HCLTech's digital services in wealth management. By incorporating Finergic's expertise in transformation strategy, consulting, and wealth architecture, HCLTech will accelerate the deployment of next-generation, platform-enabled wealth management solutions, which will be anchored by advanced artificial intelligence-native workflows.
These capabilities will complement HCLTech’s extensive experience with Temenos products, supporting over 40 global banks.
-- BERNAMA
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