HCL Technologies Acquires Unemployment Insurance Practice from RKV Technologies

• RKV’s UI solution framework will be adopted under HCL’s existing “iGOVERN™ – Citizen Centric Solutions” offerings
• Strategically positions HCL’s Government Vertical to address over USD 700m market opportunity

VIENNA, VA; SUNNYVALE, CA and NOIDA, India – Dec. 14 2009 – HCL America Inc., wholly owned subsidiary of HCL Technologies (HCL), a global IT Service provider, today announced that it has acquired the Unemployment Insurance (UI) Practice and solution portfolio from RKV Technologies (RKV), extensively experienced and one of the most successful UI consulting team in the United States.

The UI solution framework of RKV is a comprehensive solution for Unemployment Insurance agencies consisting of the core modules including Tax, Benefits, Appeals, Adjudication, Imaging and Workflow, and online Self Services for both Claimants and Employers.

This, ready-to-deploy UI solution framework, compliments HCL’s existing iGOVERN™ suite of products focused on Public Sector / Government agencies and expands upon the current offerings in its ‘Citizen Centric Solution’ suite. The UI solution framework is now rebranded as iGOVERN™ – Unemployment Insurance.

“HCL is excited to have expanded its iGOVERN™ offerings to include a proven Unemployment Insurance solution framework in a bid to partner with state government agencies in US to modernize, improve operational efficiency, promote e-filing, and ensure accurate accounting of Taxation to Employers and Benefits to citizens. With HCL’s iGOVERN™ offering of Workers’ Compensation, Fraud Investigation and Vocational Rehabilitation solutions, the UI solution framework will further strengthen our solution portfolio and provide extensive coverage for state agencies in Department of Labor ”, said Shami Khorana, President – Americas, HCL Technologies.

“iGOVERN™ – Unemployment Insurance will also help establish Government to Citizen (G2C) connect by promoting Self Service where employers and claimant realize improved access to information, conveniences, and time savings. UI Agencies will benefit from integrated Benefit, Tax, and wage reporting functions, which in turn will help reduce overpayment of benefits. We plan to leverage our state-of-art development center in Cary, North Carolina as a base for implementing this solution in US”, Shami adds.

Commenting on the acquisition, Robert Myers, RKV Technologies, said, “The UI solution framework of RKV has a pre-eminent local market position and is a widely accepted and successful service offering for UI agencies in the United States. I believe that combining the UI Practice with HCL’s iGOVERN™ will offer access to a wider skills base, exposure to a widespread UI market opportunity and a seamless service offering for state agencies and citizens.”

For more information on iGOVERNTM – Unemployment Insurance please go to:

www.hcltech.com/government/iGovern/unemployment-insurance.asp