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HCL Technologies to acquire select IBM Software products for $1.8 bn

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announced a definitive agreement under which HCL will acquire select products for $1.8 billion.

The transaction is expected to close by mid-2019, subject to completion of applicable regulatory reviews.

The products in scope represent a total addressable market of more than $50 billion and include: Appscan for secure application development, for secure device management, Unica (on-premise) for marketing automation, Commerce (on-premise) for omni-channel eCommerce, Portal (on-premise) for digital experience, Notes & for email and low-code rapid application development, and Connections for workstream collaboration.

HCL and have an ongoing for five of these products.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, December 07 2018. 09:12 IST