HCL Technologies (HCL) and Sumeru Equity Partners (SEP), a technology and growth-focused private equity firm, have signed a definitive agreement to acquire Actian Corporation. The all-cash deal is valued at $330 million. HCL will own 80 percent while SEP will own approximately 20 percent stake of the JV entity which in-turn will own 100% shareholding of Actian Corporation.
Palo Alto-based Actian Corporation is a leader in hybrid data management, cloud integration, and analytics solutions–powers insight-driven enterprises around the globe to help them solve the toughest data challenges.
HCL Technologies is a leading global IT services company that helps global enterprises re–imagine and transform their businesses through digital technology transformation.
