HCL to acquire select IBM products for $1.8 billion The country’s third largest software services firm HCL Technologies has announced that it is acquiring select IBM software for $1.8 billion. The acquisition which is the largest in the history of HCL, is expected to close by mid-2019.

The products which represent a total addressable market of more than $50 billion include, Appscan for secure application development, BigFix for secure device management, 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.

C Vijayakumar, President & CEO, Technologies said that the products which is acquiring are in large growing market areas like , Marketing and Commerce which are strategic segments for the company.

“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 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,” he added.

HCL and have an ongoing IP Partnership for five of these products.

“Over the last four years, we have been prioritizing our investments to develop integrated capabilities in areas such as for business, hybrid cloud, cybersecurity, analytics, supply chain and blockchain as well as industry-specific platforms and solutions including healthcare, 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 is right to divest these select collaboration, marketing and commerce software assets, which are increasingly delivered as stand-alone products. At the same , 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,” he added.



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