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HCL Tech, PE firm to buy U.S. data management firm Actian


(Reuters) - Indian IT services company HCL Technologies Ltd and private equity firm Sumeru Equity Partners will buy U.S. data management firm Actian Corp in a $330 million deal, the companies said on Thursday.HCL will own 80 percent of Actian and Sumeru will own the rest.Palo Alto, California-based Actian, which also provides businesses cloud computing and analytics services, will continue to be led by Chief Executive Rohit De Souza. (Reporting by Taenaz Shakir in Bengaluru; Editing by Sai Sachin Ravikumar)(This story has not been edited by Business Standard staff and is auto-generated from a ...

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First Published: Thu, April 12 2018. 21:25 IST