"The all-cash deal is valued at $330 million (Rs 2,145 crore). HCL will own 80 per cent equity, while Sumeru 20 per cent stake in Actian," said the Noida-based IT firm in a regulatory filing on the BSE.
The Palo Alto-headquartered Actian is a leader in hybrid data management, cloud integration and analytics that helps global enterprises to solve data challenges.
"Actian's acquisition will add intellectual property (IP) to our capabilities to enable digital transformation of global enterprises," added the filing.
"Actian's products, combined with our offerings like Cloud Native, Digital and Analytics and IoT Works, will be a powerful proposition to harness the power of hybrid data," said Vijayakumar in a statement later.
Actian's flagship products are Vector, a columnar database; Data Connect, a hybrid integration platform; and X, a hybrid database for next generation operational analytics.
Recent customer wins by Actian validate the potential of its offerings to help customers extract maximum business value out of data.
Sumeru is partnering with HCL to invest in Actian due to growth opportunity in data-centric firms and leads with product innovation.
"The age of hybrid data and its management is upon us and Actian is at the forefront. Business leaders recognise data as valuable asset and strive to leverage it at the speed of their business, no matter where it resides," De Souza said.
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