OMX AB division signs strategic partnership agreement in India

OMX AB division signs strategic partnership agreement in India

NORDIC BUSINESS REPORT-22 September 2004-OMX AB division signs strategic partnership agreement in India(C)1994-2004 M2 COMMUNICATIONS LTD http://www.m2.com

Finnish-Swedish stock exchange operator OMX AB, formerly know as OMHEX AB, said on Wednesday (22 September) that its OMX Technology division had signed a strategic partnership agreement with the Indian IT services provider HCL Technologies involving the outsourcing of certain OMX systems development and maintenance.

The five-year agreement would enable OMX Technology to focus more resources on development of new technology activities and to maximize efficiencies across the organization, OMX said.

The company said that the agreement was in line with OMX Technology’s strategy to expand in Asia, and OMX had now established a presence in India.

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