Through this strategic acquisition, HCL will increase its footprint in the global wealth management market.

Founded in 2012, Confinale focuses on IT consulting in key specialist areas in the banking and wealth management sector.

HCL Technologies UK Limited, a wholly owned subsidiary of HCL Technologies (HCL), a leading global technology company, has signed a definitive agreement for the acquisition of Confinale AG, a Switzerland-based digital banking and wealth management consulting specialist and Avaloq Premium Implementation Partner.

Through this strategic acquisition, HCL will increase its footprint in the global wealth management market with emphasis on Avaloq consulting, implementation and management capabilities.

Founded in 2012, Confinale focuses on IT consulting in key specialist areas in the banking and wealth management sector.