HCL Technologies $1.8 Billion IBM Product Acquisition, Launches New Software Division

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HCL Technologies, the Indian IT services multinational, has closed its acquisition of $1.8 billion worth of IBM products and announced the launch of a new division called HCL Software that will operate the assets. HCL takes full ownership of the R&D, sales, marketing, delivery, and support for the following six companies.

The acquisitions were announced in December, and came as IBM pushed through an asset disposal programme ahead of its own $34 billion acquisition

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