View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Hardware
July 2, 2019

HCL Technologies $1.8 Billion IBM Product Acquisition, Launches New Software Division

Company Launches HCL Software business unit to operate the enterprise software offerings

By CBR Staff Writer

HCL Technologies, the Indian IT services multinational, has closed its acquisition of $1.8 billion worth of IBM products and announced the launch of a new division called HCL Software that will operate the assets. HCL takes full ownership of the R&D, sales, marketing, delivery, and support for the following six companies.

  • Appscan for secure application development
  • BigFix for secure device management
  • Unica (on-premise) for marketing automation
  • Commerce (on-premise) for omni-channel eCommerce, Portal (on-premise) for digital experience
  • Notes & Domino for email and low-code rapid application development
  • Connections for workstream collaboration.

The acquisitions were announced in December, and came as IBM pushed through an asset disposal programme ahead of its own $34 billion acquisition of Red Hat (signed off last week by the European Commission).

Sitting under HCL’s “Products and Platforms” unit, HCL Software has delivered more than 340 partner releases and more than 90 HCL releases, including products like Informix 14.10, Domino 10, Workload Automation 9.5, HCL said.

“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,” said C Vijayakumar, President & CEO, HCL Technologies.

HCL technologies

“In addition, we see tremendous potential for creating compelling ‘as-a-service’ offerings by combining these products with our traditional IT and next gen services,” he added.

Darren Oberst, Corporate Vice President and Head of HCL Software, added in a release shared late Monday: “Our customers will be the ultimate beneficiaries, and we look forward to collaborating with them. We are also pleased to welcome the IBM employees who are joining HCL Technologies.”

Content from our partners
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester
Infosecurity Europe 2024: Rethink the power of infosecurity

HCL operates out of 44 countries and reported revenues of $8.6 billion for the financial year ended March, 2019. It employs 137,965.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU