HCL Technologies, India’s third largest software services firm is acquiring select IBM software products for $1.8 billion. The acquisition is expected to close by mid-2019.
The products include BigFix for secure device management, Appscan for secure application development, Unica for marketing automation, Commerce for omni-channel eCommerce, Portal for digital experience, Notes & Domino for email and low-code rapid application development, and Connections for workstream collaboration.
According to C Vijayakumar, President & CEO, HCL Technologies, the software products which HCL is acquiring are in large growing market areas like Security, Marketing and Commerce which are strategic segments for the company.
HCL and IBM have an ongoing IP Partnership for five of these products.
“We continue to see great opportunities in the market to enhance our Mode-3 (Products and Platforms) offerings. The products that we are acquiring are in large growing market areas like Security, Marketing and Commerce which are strategic segments for HCL. Many of these products are well regarded by clients and positioned in the top quadrant by industry analysts.” said C Vijayakumar.