Evergreen Deals!

HCL today signed what has been called by them (or is it the media) an Evergreen deal with an insurance company. A deal which runs for ever? Not exactly, but for a very very long time of 30 years. Further, it seems like they will be paid based on a business metric (number of policies).


What do I think of it? Interesting, certainly. Creative, obviously. Trend-setting? Maybe. The future of outsourcing deals? Unlikely, since most clients these days hesitate to sign even 5 year deals leave alone 7 or more years. So, it would be interesting to see how this one pans out.

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