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The Economic Times
The Economic Times

HCLTech acquires Guardian India Operations for $10.5 million

HCLTECH India GCC United States

India’s third-largest information technology services firm HCLTech on Thursday said it will acquire Guardian India Operations, the India global capability centre (GCC) of US-based insurer The Guardian Life Insurance Company of America, for $10.5 million in an all-cash deal.

The company also signed a fresh seven-year technology services agreement with the insurer. The acquisition is expected to close on August 1 and is not subject to regulatory approvals.

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