cxo voice
  • Home
  • News
  • Expert Opinion
  • Leaders Talk
  • Cyber Security
No Result
View All Result
  • Home
  • News
  • Expert Opinion
  • Leaders Talk
  • Cyber Security
No Result
View All Result
Interviews, IT and Technology News India | CXO VOICE
No Result
View All Result
Home News

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

News Desk by News Desk
December 7, 2018
Reading Time: 2 mins read
hcl and ibm
Share on FacebookShare on TwitterShare on Linkedin

IBM and HCL Technologies signed an agreement under which HCL will acquire select IBM software products for $1.8 billion. The deal 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.”

Read Also: Future of IT Infrastructure Is Always Available, Everywhere – Says Gartner

Tags: HCL TechnologiesIBMSoftware
News Desk

News Desk

by CXO VOICE team memebrs, contact@cxovoice.com

Related Posts

AI Software Market
AI

Global AI Software Market to Reach $62.5 billion in 2022

November 23, 2021
Wipro to launch 5G edge services solutions suite
News

Wipro to launch 5G edge services solutions suite

November 23, 2021
IBM security cloud
Cyber Security

Security in the Cloud Remains Challenged by Complexity and Shadow IT: IBM

June 11, 2020
IBM AI
AI

IBM Launches New AI Designed to Help CIOs Automate IT Operations

May 5, 2020
Arvind Krishna appointed as IBM CEO
News

Arvind Krishna Appointed as IBM CEO

January 31, 2020
IBM z15 data privacy
Cyber Security

IBM launches z15 with ability to maintain customer data privacy

September 12, 2019
IBM world wire
Blockchain

IBM Launches Blockchain Based Global Payment Network World Wire

March 19, 2019
Technology

IBM Joined with Vodafone, SEAT, KONE and Mitsufuji in Showcasing 5G and Other Innovations

February 28, 2019
Load More
Next Post
Technology Acquisitions 2018

Major Technology Acquisitions of 2018

ADVERTISEMENT

Expert Views

Jaganathan Chelliah
Technology

Installing CCTV Cameras? Here is What You Need to Know

May 17, 2022
Wipro's Digital Database Services (DDS)
Banking

Cloud trends in the BFSI sector set to drive digital transformation in the new financial year

April 26, 2022
Cloud Data Protection
Cyber Security

Data Protection, a Key Part of Business Continuity

April 18, 2022
AI Cloud Enterprises
AI

What can AI Cloud do for Enterprises?

March 9, 2022
Data Modernisation
Technology

4 Key Trends Driving Data Modernization Across The Enterprises

January 28, 2022

Get Latest Update

Subscribe to our mailing list to receives newsletter direct to your inbox!

ADVERTISEMENT

Leaders Inerviews

Enterprises, and MSMEs IoT
Leaders Talk

IoT is now seen as an essential enabler for the enterprises to be future ready : Joyjeet Bose

-
Security While Working Remotely interview with Filip Coftas
Cyber Security

Security While Working Remotely [Interview]

-
Akita Security Device Help you Protect your Security During COVID-19 [Interview with Zakir Hussain]
COVID-19

Can Akita Security Device Help you Protect your Security During COVID-19 [Interview]

-
digital transformation and customer experience Newgen software
Interview

Digital Transformation Journey helps Newgen Software Improve Customer Experience [Interview]

-

Entrepreneur

Top 10 Richest Persons In India

Inspiring Women Entrepreneurs in India (2022)

Technology Adoption For Entrepreneurs

Volunteering management is the need of the Hour

CXO VOICE is a premier resource for the enterprises, SMBs and Startups CXOs and business leaders, It enables CXOs and business executives gain access key insights, experts views, analysis, business strategy, and leaders interviews on what’s happening in the market and its impact.

Connect with us

Easy Links

  • Cryptocurrency
  • Event
  • Blockchain
  • Press Release
  • Resources & Downloads

Write Us

contact@cxovoice.com

Newsletter

Subscribe to our mailing list to receives newsletter direct to your inbox!

  • Home
  • About
  • Contact Us
  • Advertise
  • Privacy & Policy
  • Feedback

© 2022 CXO VOICE

No Result
View All Result
  • Home
  • News
  • Expert Opinion
  • Leaders Talk
  • Cyber Security

© 2022 CXO VOICE