HCL to buy 7 IBM products for $1.8 bn in its biggest acquisition
Noida-based IT major HCL Technologies has said it will acquire seven IBM products by mid-2019 for $1.8 billion in its biggest-ever acquisition. The all-cash deal entails software products in areas including security, marketing, and collaboration solutions, representing a total addressable market of over $50 billion. The deal includes the transfer of some IBM employees, CFO Prateek Aggarwal said.