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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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How does this get HCL past the goal line?

With the acquisition of this software portfolio from IBM, HCL will be able to combine the entrepreneurial capability, speed and performance of a company like HCL with over 100,000 employees worldwide with the software in such a way that will set it apart from its competitors, Oberst said.

"This represents a fundamentally new direction for us," he said. "We're moving into working with software with some of the largest companies in the world. We want to create a set of solutions that very few companies in the world can deliver."

Going forward, HCL Technologies and IBM will continue their long-term relationship where the two sell each other’s technologies, Oberst said.

"It's a win-win," he said. "We provide incredible opportunities for the software customers, and IBM focuses on the incredible opportunities for growth in the future."

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