HCL Technologies completes acquisition of seven IBM products
Jack Jul 02, 2019 08:14 IST
On Monday, HCL Technologies announced that it has completed acquisition of seven IBM products.
"Last year, HCL Tech acquired seven IBM products for $1.8 billion. With the closure of the deal, HCL has full ownership of research and development, sales, marketing, delivery and support for the seven products", the company said in a statement.
"HCL is formally introducing HCL Software, a new division that will operate this enterprise software product business and meet customer demand", the company said.
C Vijayakumar, President & CEO of HCL Technologies said in a statement, "We are excited for the next phase of the HCL Software Business Unit and are confident that these products will see good growth trajectory backed by our commitment to invest in product innovation coupled with our strong client focus and agile product development. It has tremendous potential for creating compelling as-a-service offerings by combining these products with traditional IT and next-generation services".
HCL Technologies completes acquisition of seven IBM products
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