HCL To Buy 7 IBM Products for $1.8 bn In Its Biggest Acquisition

Noida-based IT major HCL Technologies will acquire seven IBM products by mid-2019 for $1.8 billion (over Rs 12,700 crore) in its biggest ever acquisition so far.

The all-cash deal entails software in areas including security, marketing, collaboration solutions, and represents a total addressable market of over $50 billion. The deal includes the transfer of some IBM employees as well.

Source: The Hindu

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