HCL AXON, a division of HCL Technologies, the world`s largest services provider dedicated to SAP® solutions, announced today that it has signed a strategic go-to-market (GTM) partnership and implementation agreement with NextLabs, the leader in policy-driven information risk management solutions.

The combination of NextLabs software solutions and HCL AXON`s business transformation services will bring information risk management software and consulting expertise to companies operating in complex, highly regulated environments such as the utilities, aerospace, defense, travel and transport industries.``NextLabs highly regarded information risk management solutions are directly aligned with the SAP portfolio of products,``said Ian Greenhalgh, EVP of Business Development, HCL AXON.

``This partnership will be especially beneficial to our enterprise customers in aerospace, defense, utilities and the public sector who are increasingly demanding enhanced capabilities around data security and data management. We are thrilled to have NextLabs as an integral part of our service offerings and we anticipate a significant market opportunity arising from our strategic partnership,`` he further said.

Keng Lim, chairman and chief executive officer (CEO) of NextLabs, said, ``HCL AXON`s success in several of our key strategic vertical markets makes this GTM agreement highly valuable HCL AXON is an ideal partner and channel for expanding our customer base through its innovative business transformation programs. We look forward to working with HCL AXON and to expanding our footprint throughout the SAP Ecosystem.``

Shares of the company gained Rs 1.05, or 0.3%, to settle at Rs 347.50. The total volume of shares traded was 54,221 at the BSE (Monday).