HCL Technologies’ UK subsidiary has picked up minority stake in London-based Kalido. HCL Technologies UK will acquire 2.8 million shares of Om Mobile Ventures (that operates as Kalido), which would be about 6.64 per cent stake on a fully diluted basis. The cost of acquisition was USD 0.71 a share, aggregating to about USD 2 million (over Rs 14 crore).
This investment will provide the company an opportunity to expand network building capabilities and features to customers for the newly acquired IBM Connections as well as HCL's Digital Workplace solutions.
HCL Technologies is a leading global IT services company that helps global enterprises re- imagine and transform their businesses through digital technology transformation.
