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MoneyWorks4Me

HCL Technologies to acquire Select IBM software products for $1.8 billion

07 Dec 2018 Evaluate

HCL Technologies has entered into definitive agreement under which HCL will acquire Select IBM software products for $1.8 billion. The transaction is expected to close by mid-2019. 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 and Commerce (on-premise) for omni-channel eCommerce.

HCL Technologies is a leading global IT services company that helps global enterprises re-imagine and transform their businesses through digital technology transformation.

Peers
Company Name CMP
TCS 2480.50
Infosys 1143.45
HCL Technologies 1411.50
Wipro 190.05
Tech Mahindra 1770.50
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