HCL Technologies, a leading global Technology and IT enterprise made two announcements consecutively in two days.

The HCL IBS Ltd., part of HCL Technologies Ltd. (HCL) has bagged a major service contract by Equitable Life Assurance Society (Equitable Life). The contract, which starts in March 2011, will deliver substantial cost benefits to Equitable Life's policyholders through the transfer of core processing and support activities required to run its closed book of business, informs HCL in a press statement.

HCL will be providing an end to end solution including policy administration, finance, actuarial services, IT operational support and call center services. The deal has an estimated value of around $200 million.

Secondly, HCL Technologies has entered in a strategic partnership Savvion, the trailblazing business process management company to extend its service focus into the Business Process Management (BPM) Space.

With this alliance the two entities will now be able to help customers implement and optimize business processes across the organization. The BPM solutions enable visibility into extremely critical business processes such as order management, onboarding new clients and releasing & supporting products with an ability to track and measure these processes real-time. This leads to elimination of inefficient processes and ensures informed decision making.

BPM is part of the HCL Enterprise Content Management and Portal practice that focuses on mapping customer organizations business objectives with the content management strategy. It forms a strategic part of HCL Enterprise Transformation Services (ETS) group that assists customers in aligning business strategy with their IT strategy.