Under the terms of the agreement, Adaptec will retain ownership of all intellectual property (IP) developed, and HCL will integrate Adaptec’s India Technology Center (ITC) in Bangalore, India, into its operations and assume responsibility for the management of Adaptec engineering programs assigned to that location.
As part of this alliance, Adaptec ITC employees transferred to HCL will continue to work exclusively on Adaptec engineering projects. HCL will have additional engineers work with the Adaptec team to ensure a seamless transition and, where and when appropriate, will provide access to HCL’s expansive information technology experience. Adaptec will also have the flexibility to add HCL engineers, as needed.
