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HCL Tech to acquire US-based digital transformation consulting firm SBE

Press Trust of India  |  New Delhi 

Indian IT services company Wednesday announced the acquisition of Strong-Bridge (SBE), a US headquartered digital transformation consulting firm, in a USD 45 million deal.

"With this acquisition, SBE will become part of HCL's global Digital and Analytics business," said in a statement.

The size of the buyout is USD 45 million, which includes USD 42 million upfront and USD 3 million potential earn-out linked to target achievements, HCL Tech said in a regulatory filing.

Strong-Bridge is a digital consulting firm specialising in customer experience strategy, transformation, and change management.

"Serving Fortune 1,000 clients since its founding, merged with in 2017 to extend its consultancy and digital transformation capabilities and further establish its footprint across ..," it said.

The acquisition is expected to be completed by April 2019.

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

First Published: Wed, March 13 2019. 22:47 IST