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Aegon Signs New Five Year IT Transformation Deal with HCL



Multi-vendor ecosystem and agile delivery framework adopted to drive innovation and digital at scale

Noida, India and The Hague, Netherlands – 10th December,2018 – HCL Technologies (HCL), a leading global technology company, today announced a new five-year contract with multinational life insurance, pensions and asset management company Aegon. The application services deal will see HCL continue as Aegon’s digital transformation partner, helping to accelerate innovation by establishing and managing a new multi-vendor ecosystem. HCL will also help implement an agile delivery model to reduce Aegon’s time to market and introduce greater efficiencies through improved application lifecycle management and automation.

Headquartered in The Hague, Netherlands, Aegon serves nearly 29 million customers and employs over 28,000 people worldwide. HCL has been a strategic IT services partner to Aegon Netherlands since 2004. During that time, it has delivered application services, partnered in transforming Aegon’sdata and analytics capabilities, and helped the insurer to achieve digital leadership through a joint cXstudio, which fosters co-innovation. Aegon wants to build digital at scale to improve customer self service and extend its leadership position.

“Our business strategy is centred on digital-first, which is paramount to our ability to drive serviceinnovation, attract new customers and to drive efficiencies,” said Anke Schlichting, CTO at Aegon. “As a result, it’s crucial that we continue to accelerate time to market and have a vendor ecosystem thatgives us access to the best capabilities the industry has to offer. We’ve established a strongrelationship with HCL over the last 14 years and its intimate knowledge of our business is an important pillar underlying our partnership. HCL’s, in-depth understanding of the vendor ecosystem and significant experience being part of multi-vendor environments for other major global organizationswere the key deciding factors.”

“We’re looking forward to continuing our support for Aegon on its successful digital leadershipjourney,” said Sudip Lahiri, SVP and Head of Financial Services, Europe at HCL Technologies. “Aegon was one of HCL’s first major customers in continental Europe and we are especially proud of whatwe’ve accomplished to date. Our relationship with Aegon really demonstrates the scale of the successthat can be achieved through a true partnership approach, where both parties have invested heavily in a culture of co-innovation and collaboration.”

HCL works with over 100 organizations in the insurance sector globally, providing services that blend an unrivalled depth and breadth of industry knowledge with a rich set of core capabilities in business consultancy, claims management, insurance claims management, integration and applications management.

About Aegon
As an international life insurance, pensions and asset management company based in The Hague, Aegon has businesses in over twenty five markets in the Americas, Europe and Asia. Aegon companies employ over 28,000 people and have millions of customers across the globe. Further information:

aegon.com

About HCL Technologies

HCL Technologies (HCL) is a leading global technology company that helps global enterprises re–imagine and transform their businesses through Digital technology transformation. HCL operates out of 43 countries and has consolidated revenues of US$ 8.2 billion, for 12 Months ended 30th September, 2018. HCL focuses on providing an integrated portfolio of services underlined by its Mode 1–2–3 growth strategy. Mode 1 encompasses the core services in the areas of Applications, Infrastructure, BPO and Engineering & R&D services, leveraging DRYiCETM Autonomics to transform clients' business and IT landscape, making them 'lean' and 'agile'. Mode 2 focuses on experience–centric and outcome–oriented integrated offerings of Digital & Analytics, IoT WoRKSTM, Cloud NativeServices and Cybersecurity & GRC services to drive business outcomes and enable enterprise digitalization. Mode 3 strategy is ecosystem–driven, creating innovative IP–partnerships to build products and platforms business. HCL leverages its global network of integrated co-innovation labs and global delivery capabilities to provide holistic multi–service delivery in key industry verticals including Financial Services, Manufacturing, Telecommunications, Media, Publishing, Entertainment, Retail & CPG, Life Sciences & Healthcare, Oil & Gas, Energy & Utilities, Travel, Transportation & Logistics and Government. With 127,875 professionals from diverse nationalities, HCL focuses on creating real value for customers by taking 'Relationships Beyond the Contract'. For more information, please visit www.hcltech.com