HCL Technologies to Acquire Select IBM Software Products for $1.8B

ARMONK, N.Y. NOIDA, India–(BUSINESS WIRE)–IBM (NYSE:IBM)
and HCL
Technologies (HCL)
today announced a definitive agreement under
which HCL will acquire select IBM software products for $1.8 billion.
The transaction is expected to close by mid-2019, subject to completion
of applicable regulatory reviews.

The software products in scope represent a total addressable market of
more than $50 billion and include:

  • 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, and
  • Connections for workstream collaboration.

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, President CEO, HCL
Technologies
.

He further added, “The large-scale deployments of these products provide
us with a great opportunity to reach and serve thousands of global
enterprises across a wide range of industries and markets. I am
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. In addition, we see
tremendous potential for creating compelling ‘as-a-service’ offerings by
combining these products with our Mode-1 and Mode-2 services.”

“Over the last four years, we have been prioritizing our investments to
develop integrated capabilities in areas such as AI for business, hybrid
cloud, cybersecurity, analytics, supply chain and blockchain as well as
industry-specific platforms and solutions including healthcare,
industrial IOT, and financial services. These are among the emerging,
high-value segments of the IT industry. As a result, IBM is a leader in
these segments today,” said John Kelly, IBM senior vice president,
Cognitive Solutions and Research
. “We believe the time is right to
divest these select collaboration, marketing and commerce software
assets, which are increasingly delivered as stand-alone products. At the
same time, we believe these products are a strong strategic fit for HCL,
and that HCL is well positioned to drive innovation and growth for their
customers.”

About HCL Technologies

HCL Technologies (HCL) is a leading global technology company that helps
global enterprises re–imagine and transform their businesses through
Digital technology transformation. HCL operates out of 43 countries and
has consolidated revenues of US$ 8.2 billion, for 12 Months ended 30th
September 2018. HCL focuses on providing an integrated portfolio of
services underlined by its Mode 1–2–3 growth strategy. Mode 1
encompasses the core services in the areas of Applications,
Infrastructure, BPO and Engineering RD services, leveraging DRYiCE™
Autonomics to transform clients’ business and IT landscape, making them
‘lean’ and ‘agile’. Mode 2 focuses on experience–centric and
outcome–oriented integrated offerings of Digital Analytics, IoT
WoRKS™, Cloud Native Services and Cybersecurity GRC services to drive
business outcomes and enable enterprise digitalization. Mode 3 strategy
is ecosystem–driven, creating innovative IP–partnerships to build
products and platforms business. HCL leverages its global network of
integrated co-innovation labs and global delivery capabilities to
provide holistic multi–service delivery in key industry verticals
including Financial Services, Manufacturing, Telecommunications, Media,
Publishing, Entertainment, Retail CPG, Life Sciences Healthcare, Oil
Gas, Energy Utilities, Travel, Transportation Logistics and
Government. With 127,875 professionals from diverse nationalities, HCL
focuses on creating real value for customers by taking ‘Relationships
Beyond the Contract’. For more information, please visit www.hcltech.com

About IBM

For more information, please visit ibm.com

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