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Ascent Business Technology Collaborates With HCL Technologies To Augment And Streamline Operational Resiliency Management Services

Press Release

Ascent AutoBCM™ Platform supplements HCL Managed Services for Business Continuity Management.

Ascent, a leading and niche provider of a cloud-based platform for Business Continuity Management, announced its collaboration and partnership with HCL Technologies to modernize its Business Resiliency Services for clients via a managed services model. HCL RiCON™ (Risk-based Continuity Services) framework will utilize Ascent hybrid cloud AutoBCM™ platform to incorporate a more mature resiliency model with technology efficiency

Ascent AutoBCM™ combined with HCL services built on its proprietary RiCON™ framework helps enterprises adopt a one-stop solution for their Business Continuity and IT Disaster Recovery requirements. The unified solution also enables enterprises to be prepared for real-time disruptive threats by transforming how one can view and report their organizational resiliency. In response to the current pandemic situation, Ascent has implemented a COVID-specific Pandemic Emergency communication platform to enable organizations to monitor and track employee well-being and third-party vendor status. Work-from-home data related to cybersecurity and data protection concerns can also be tracked. The flexible model by HCL for impact assessment and risk treatment per business process, locations, countries, and assets will provide the required customized mitigation plans for large and mid-sized enterprises to bring efficiencies and effectiveness with optimal cost.

“During the last 10-12 months Enterprises have realized the extent to which business and technology are interdependent and the need to undertake strategic planning to build resilience and incorporate scenario-based resilience solutions as critical capability into the business and technology. With this partnership with the Ascent AutoBCM™, HCL will leverage the technology platform to develop, maintain and manage more structured and collaborated business continuity plan in making enterprises more resilient in dealing with potential disruptions,” said Renju Varghese, Fellow & Chief Architect, Cybersecurity & GRC Services at HCL Technologies.

“ The recent Coronavirus outbreak, emergencies created by human or natural Disasters and its impact on enterprises calls for a cutting-edge, easy-to-deploy Business Continuity Management Solution. Ascent AutoBCM is a scalable, industry-agnostic, multi-lingual, robust and highly integrated platform catering to multiple BCM requirements. The solution has been specifically tailored to offer comprehensive Business Continuity Planning, initiation of Recovery Action, Risk Assessment and Disaster Tracking, that has been implemented globally across various industries. “We are elated to have the opportunity to work directly with HCL in presenting the AutoBCM product to our mutual clientele, while leveraging the HCL Professional Services in this space.” said Mr. Reza Asgari, U.S. CEO, Ascent Business Technology Inc.

About HCL Technologies

HCL Technologies (HCL) empowers global enterprises with technology for the next decade today. HCL Mode 1-2-3 strategy, based on its deep-domain industry expertise, client-centricity, and entrepreneurial culture of Ideapreneurship™, enables businesses to transform into next-gen enterprises.

HCL offers its services and products through three business units: IT and Business Services (ITBS), Engineering and R&D Services (ERS), and Products & Platforms (P&P). ITBS enables global enterprises to transform their businesses through offerings in applications, infrastructure, digital process operations, and next-generation digital transformation solutions. ERS offers engineering services and solutions in all aspects of product development and platform engineering. P&P provides modernized software products to global clients for their technology and industry-specific requirements. Through its cutting-edge co-innovation labs, global delivery capabilities, and broad global network, HCL delivers holistic services in various industry verticals, categorized as Financial Services, Manufacturing, Technology and Services, Telecom and Media, Retail CPG, Life Sciences and Healthcare, and Public Services.

As a leading global technology company, HCL takes pride in its diversity, social responsibility, sustainability, and education initiatives. For the 12 months ended December 31, 2020, HCL had consolidated revenue of US$ 10.02 billion. Its 159,682 Ideapreneurs operate out of 50 countries. For more information, visit

About Ascent Business Technology

Ascent Business, a Singapore-headquartered SaaS, AI, and ML-driven company offers solutions for Financial Reconciliation, Escrow, and Business Continuity Management. Ascent AUTO BCM has been recognized by the leading global research and advisory organization Gartner and Forrester in their BCM program solutions market guide.

Ascent AUTO BCM enables business continuity managers to quickly deploy a scalable solution with built-in best practices and processes to help analyze operations to remain resilient while recovering quickly and efficiently through any business disruption. The intuitive solution is built on the best practices framework with automated processes for Business Impact Analysis, Business Continuity plans, Crisis management, Disaster Recovery plans, Risk Management, and analytics dashboards and reports that can be up and running in days.

Ascent also offers Consulting and Professional Services in the Business Continuity Management, along with its in-house product-centric services for customization, installation and configuration of its product portfolios.

The company has regional offices in the USA, Middle East, Asia, and Africa. For more information, visit

Media Contact:
Siddharth Kohli

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