Giant HCL Tech Outsourcing Project Adds 1,237 Jobs in Wake County
- Sep 24, 2014
by Adriana Pop, Associate Editor
Another good news headline for Cary: Global IT services provider HCL Technologies is planning to expand its existing development center in Wake County and create an additional 1,237 jobs there by the end of 2018.
According to the Triangle Business Journal, the company is working with Axon Technologies in the project, which would bring a new Global Development Center to Cary, as well as jobs with an average annual wage of $51,653. The expansion entails an investment of approximately $9 million.
HCL already has 800 employees in Cary. The company will now be expanding into 200 Lucent Lane, a four-story building previously occupied by Progress Energy and located just down the street from its current facility on Regency Parkway. The property is owned by a joint venture between Intercontinental Real Estate Corp. of Boston and Spectrum Properties of Charlotte. The partnership acquired the building in May for $14.4 million.
HCL will benefit from a $19.6 million incentive grant recently approved by the Economic Development Investment Committee in Raleigh. According to North Carolina economic development officials, New York, Arizona and Texas were also competing for this giant HCL project.
“HCL has been steadily building its Wake County presence, and one reason is the incredible talent pool the Triangle region has to offer IT companies,” Governor McCrory said in a news release. “Providing a well-trained and motivated workforce that meets the real-world needs of employers is evidence of the importance that North Carolina puts on helping employers grow.”
Cary is also benefiting from MetLife’s decision to locate its new global technology hub in the region.
HCL Technologies is a leading global IT services company based in India, with consolidated revenues of $5.4 billion, as of June 30th, 2014. In America, the company is headquartered in Sunnyvale, Calif. With more than 8,000 employees in 15 states, HCL’s business in the U.S. contributes more than 50 percent of its global revenues.
Photo credits: Spectrum Properties