Hexaware Technologies has announced a new global strategic alliance with MarkLogic Corporation to deliver next generation enterprise data management solutions. MarkLogic and Hexaware believe the partnership will enable organisations to manage the massive data of any source and format to drive revenue, stramline operations, meet regulatory compliances, and manage risk. The move is set to bridge the gap between complex technologies and successful implementaion.
"Hexaware will bring business acumen and data management skills to the partnership, identifying the technologies to appropriate to business needs, and reducing the risk and cost of implementing new technology," it said.
"The initial focus of the new partnership will be on the areas of banking and financial services. Recognising that traditional relational database technologies can no longer keep pace with evolving business needs, these industries are looking for leading edge ways to leverage non-traditional sources of data and monetise those assets, enabling customer analytics, real time risk reporting, fraud prevention and market research," it said.
"We believe that our new partnership with MarkLogic will open up exciting new global oppurtunities for both companies, thanks to the wealth of experience and knowledge that we can now pool. MarkLogic is a market leader when it comes to powerful and features-rich enterprices platforms and is a leading player in the NoSQL database industry. With MarkLogic, we can now help organisation manage and protect their most critical assets like never before. It's a perfect fit. We also believe that this move emphasizes the depth of our ambition while displaying an on-going commitment to quality. Hexaware is focused on improving best of class industry practices and with MarkLogic our end to end data management offering is now stronger than ever," Amrinder Singh, senior vice president & head of Europe, Hexaware Technologies.
Shares of the company declined Rs 1.8, or 1.24%, to trade at Rs 143.05. The total volume of shares traded was 80,819 at the BSE (11.30 a.m., Tuesday).
