Acquisitions23 Jan 2026, 07:41 pm
HCLTech to acquire Singapore-based Finergic for SGD 19 million to boost wealth management digital transformation offerings
AI Summary
HCL Technologies Ltd (HCLTech) has announced a definitive agreement to acquire Finergic Solutions Pte Ltd, a boutique wealth consulting firm headquartered in Singapore. The transaction is expected to close by April 30, 2026. Finergic focuses on core banking and wealth management transformation and has a strong, well-established global presence. The acquisition will enhance HCLTech's service delivery across the financial services and wealth management industry, unlocking stronger synergies and advanced Al-native workflows.
Key Highlights
- HCLTech to acquire Singapore-based Finergic for SGD 19 million
- Finergic specializes in core banking and wealth management transformation
- Acquisition to strengthen HCLTech's digital services capabilities in wealth management
- Expected to unlock stronger synergies and enhance service delivery across financial services and wealth management industry
- Finergic to complement HCLTech's existing global experience supporting clients in Temenos products