21 October 2010, Lippo-HCL to Tap USD 5 billion IT Outsourcing Market

JAKARTA, Thursday, October 21, 2010 - Lippo Group of Indonesia today announced its strategic partnership with HCL Technologies, a leading global IT services provider based in India to tap Indonesia’s outsourcing market estimated to grow to USD 5 billion in 5 years.

Lippo Group, through its Indonesia-listed PT Multipolar Tbk subsidiary - PT Multipolar Technology, Indonesia’s leading and prominent IT solutions provider established since 1975, leads in providing IT Solutions to Indonesia’s Banking, Telecommunication, and the Public Services Sector over the last 35 years. Through its network of 600 IT and support services staff in over 40 branches and support service centers in Indonesia, and more than 200 industry clients that have benefited from each services, Multipolar provides unparalleled dedicated commitment to the Banking and Telecommunication sectors, both private and public. HCL is a $5.3 billion leading global technology and IT enterprise comprising two companies listed in India - HCL Technologies and  HCL Infosystems. Founded in 1976, HCL is one of India's original IT garage start-ups.

The collaboration marks Multipolar’s commitment to focus on the telecommunication sector in addition to its banking platform. HCL’s world class technology and services competency along with Multipolar’s commitment in the telecommunication and banking sectors will help leverage Indonesia’s fast growth telecommunications and banking sectors to meet the global opportunities.

Multipolar and HCL will work together to promote and deliver unique, comprehensive, cutting-edge solutions especially in Total Outsourcing Services. Harijono Suwarno, Multipolar’s Managing Director, stated “We are pleased with this joint operation with HCL to build our nation’s technology and IT infrastructure and sharpen Indonesia’s competitiveness. We have been at the forefront of providing solutions to almost all of Indonesia’s top Banks and the Central Bank for almost 30 years. Likewise, we have been the partner of choice for many other Telecommunications and services groups. We will now offer global-best outsourcing services to this platform.

Virender Aggarwal, Executive Vice President / Region Head (Asia Pacific, New Zealand, Middle East & Africa) HCL, said “Our business has been progressing substantially in our existing APAC markets. We are keen to augment this by venturing into new emerging markets like Indonesia where there has been a substantial increase in IT spending accruing from an increased disposition by enterprises, specifically in the Banking and Telecom sectors to leverage IT as a strategic lever to grow businesses. We are excited to leverage our global competencies with Multipolar’s proven track record in Indonesia.

Theo Sambuaga, Lippo Group President, commented “Indonesia is fast becoming to be among the world’s top dynamic economies. There is no other way but to solidify our national capabilities in IT and solutions. I’m hopeful the Lippo-HCL partnership will contribute significantly to Indonesia’s nation building.

Lippo Group’s Indonesia-listed subsidiary, PT Multipolar Tbk is Indonesia’s leading IT and retail services group with annual revenues of over USD 1 billion. It leads in providing IT solutions for over 30 years through its Multipolar Technology business units, and is Indonesia’s largest multi-format retailer through its Matahari and Hypermart subsidiaries and affiliates. PT Multipolar Tbk is listed on the Indonesia Stock Exchange under MLPL.

About Multipolar Technology
PT Multipolar Technology (MLPT) is a wholly owned subsidiary of PT Multipolar Tbk (MLPL), a publicly-listed and diversified investment holding company with 2009 consolidated total assets of US$1.3 billion and annual revenues of US$1.6 billion. Multipolar Technology is a total IT solutions provider with proven track record for more than 30 years in banking and financial industries, telecommunications, government and healthcare sectors. Multipolar Technology is a recognized partner of global technology companies such as Cisco, IBM, Microsoft, Oracle and NCR, and has obtained ISO 9001:2008 certifications for hardware, software and professional services. Multipolar Technology helps businesses in their IT activities, enable healthcare information services for hospitals, implement e-learning solutions to educational institutions, enable banks to provide 24x7 service, support communication solutions for telecommunication operators, provide advice to government institutions on collaborative e-Government services, provide business intelligence solutions for manufacturers, retailers and services company, as well as implement unified service provisioning for property developers. For more information please visit

About HCL Technologies
HCL Technologies is a leading global IT services company, working with clients in the areas that impact and redefine the core of their businesses. Since its inception into the global landscape after its IPO in 1999, HCL focuses on ‘transformational outsourcing’, underlined by innovation and value creation, and offers integrated portfolio of services including software-led IT solutions, remote infrastructure management, engineering and R&D services and BPO. HCL leverages its extensive global offshore infrastructure and network of offices in 26 countries to provide holistic, multi-service delivery in key industry verticals including Financial Services, Manufacturing, Consumer Services, Public Services and Healthcare. HCL takes pride in its philosophy of ‘Employee First’ which empowers our 70,218 transformers to create a real value for the customers. HCL Technologies, along with its subsidiaries, had consolidated revenues of US$ 2.9 billion (Rs. 13,145 crores), as on 30th September 2010 (on LTM basis). For more information, please visit

For further information please contact:
Susi Marlon
Dept Head Principal Relations & Marketing
P. (+62 21) 546 0011      
F. (+62-21) 546 0020




Marketing Communication
PT Multipolar Tbk
Menara Matahari 16th floor
Palem Raya Boulevard 7
Lippo Karawaci 1100
Tangerang 15811, Indonesia
Tel    :               (+62-21) 546 0011      , 55 777 000
Fax    :    (+62-21) 546 0020
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