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7 Things To Know About The $1.8B IBM-HCL Technologies Deal

India-based global solution provider HCL Technologies on Thursday announced it is beefing up its software business and as-a-service capabilities with a $1.8 billion acquisition of a large part of IBM's software portfolio.

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IBM Unloads A Raft Of Software On HCL Technologies

India-based global solution provider HCL Technologies on Thursday announced it is beefing up its software business and as-a-service capabilities with its $1.8 billion acquisition of a large part of IBM's software portfolio. The news comes a little more than a month after IBM said it would pay $34 billion for open-source software developer Red Hat.

Included in the HCL deal are such IBM products as IBM Appscan, a security-focused application for identifying and managing vulnerabilities in mission-critical applications; IBM BigFix endpoint management and security software; IBM Unica, a cloud-based enterprise marketing automation software; and IBM WebSphere Commerce, an omni-channel commerce platform for B2C and B2B organizations.

The software stockpile also includes the once highly regarded Lotus Notes, which IBM acquired as part of its $3.5 billion takeover of Massachusetts-based Lotus Software in 1995. Invented by Ray Ozzie, Lotus Notes was a hot channel property in its time.

Noida, India-based HCL said the software portfolio from IBM represents a total addressable market in excess of $50 billion. HCL Technologies’ products and platforms business revenue, prior to the acquisition, just crossed the $1 billion run rate.

The deal, which will be subject to regulatory reviews, is expected to close by mid-2019.

 
 
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