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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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What is HCL’s plan?

Darren Oberst, corporate vice president and head of the products and platforms business of HCL, told CRN that the acquisition was part of a long-term strategy by his company to diversify its business.

HCL is an $8 billion, 40-plus-year-old services company with core competencies in both engineering and software outsourcing and IT outsourcing, Oberst said.

"About three years ago, we started looking at our growth strategy and how to move away from the labor-intensive software business to provide more value to our clients," he said.

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