HCL Tech to acquire selected IBM software products for USD 1.8 billion
- Published | 07 December 2018
HCL technologies to acquire IBM software product for USD 1.8 Billion the deal will close by mid of 2019
India: The firm HCL Technologies has announced that it will acquire selected IBM software products for USD 1.8 billion. The products which are selected for acquisition are from growing market areas like marketing, commerce, and security which are a strategic segment for the company. These software’s represent total addressable market of around USD 50.1 billion which includes Appscan for secure application development, Notes & Domio for email, Unica for marketing automation, BigFix for secure device management, Commerce for omni-channel e-Commerce and portal for digital experience. Thus, deployment of these software’s will help HLC to gain greater opportunities, reaching and serving thousand global enterprise across the market.
According to BlueWeave Consulting, the global IT sector companies will be prioritizing in investment of integrated capabilities in areas such hybrid cloud, cyber security, analytics, supply chain and block chain along with industry specific platform and solution which includes industrial IoT, healthcare, and financial services. These segments are emerging as high value segment in IT sector, thus to well position IT companies and drive innovation & growth for their customer's companies are deploying several software products.
According to the upcoming report by BlueWeave Consulting on “Indian Software Market, By System, By Application, By Region- Industry Analysis, Size, Share, Growth, Trends & forecast by 2018-2025”, Indian companies across all industry verticals and segments have moved toward the digital movement, resulting in high spending on software such as collaborative applications, customer relationship management and enterprise resource management to improve their business processes and develop customer engagement. Thus, in next 10 years, technology advancement in Indian software industry will drive the market.