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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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Apart from the cash, what’s in it for IBM?

For IBM, the divestiture of this part of its software business is a way for the company to better prioritize its investments in more emerging, high-value segments of the IT industry, said John Kelly, IBM senior vice president of cognitive solutions and research, in a statement.

"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 health care, industrial IoT and financial services. … We believe the time is right to divest these select collaboration, marketing and commerce software assets, which are increasingly delivered as stand-alone products," Kelly said.

 
 
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