HCL makes India's largest IT services acquisition

HCL Technologies on Friday announced the acquisition of select IBM software products for a whopping sum of $ 1.78 billion (over Rs 12,500 crore). This is the largest acquisition in India's IT services sector, and the 10 th largest in India's corporate history.

The company expects the transaction to close. The transaction is expected to close by mid-2019. [19659002] In een alle geldtransactie, 50% of de transactie zal moeten worden betaald op close. The transaction is funded largely through internal accruals of the company along with $ 300 million (about Rs 2,000 crore) or debt.

The range of software that Noida-based HCL has acquired include Appscan, BigFix, Unica, Commerce, Portal , Notes & Domino and Connections. The acquired products represent a total addressable market of more than $ 50 billion.

The transaction is expected to give HCL access to global customer base or with substantial revenues from the US, Germany, Japan, France and the UK. The transaction is expected to give HCL access to more than 5,000 large clients across a wide range of industries and geographic markets, along with sales and marketing teams.

"We continue to see great opportunities in the market to enhance our Mode-3 (Products and Platforms) offerings. De produkter som vi anvender, er i store voksende markedsområder som Sikkerhet, Marketing og Commerce, som er strategiske segmenter for HCL. Many of these products are well regarded by clients and positioned in the top quadrant by industry analysts. "Said C Vijayakumar, President and CEO, HCL Technologies.

At the end of the September quarter, HCL's cash reserves stood at $ 21[ads1]8.2 million, while its debt stood at $ 388.6 million. The second quarter term debt for the company saw a spike of about $ 355 million from $ 33.3 million in the quarter ended June 30, 2018.

"Over the last four years, we have prioritized 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. Disse er blandt de fremvoksende, høje værdisegmenter i IT-sektoren. As a result, IBM is a leader in these segments today, "said John Kelly, IBM Senior Vice President, Cognitive Solutions and Research.

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