IBM sells part of its software products to HCL Technologies for 1.8 billion dollars

The Indian multinational HCL Technologies announced an agreement whereby they will acquire part of the IBM software business for 1,800 million dollars. The operation, which would be completed by mid-2019, would be the largest that an Indian technology company has made.



For IBM this agreement is an opportunity to cut back on its oldest businesses and focus fully on cloud computing, especially after acquiring Red Hat in a historic $ 34 billion operation just to boost its Hybrid Cloud division.

HCL will buy seven IBM software platforms looking for a larger clientele and allowing it to increase its presence in the areas of commerce, security and marketing. The acquisition would represent a market opportunity of more than 50,000 million dollars that, according to the Indian firm, would help boost their profits.

The tools acquired include Appscan (web security monitoring and testing tools), BigFix (systems management), Unica (business marketing management), Commerce (e-commerce), Portal (web portal construction and management), Notes & Domino (email and rapid application development), and Connections (work collaboration).
HCL shares fell after the announcement of the new agreement with IBM and some analysts believe that the company will have to invest too much in the products so that they do not become obsolete.

The president and CEO of HCL explains that the acquisition is a great opportunity because the products they are acquiring are in large growing market areas, such as security, marketing and commerce, strategic segments for the company.

However, in Reuters they point out that some analysts believe that the agreement does not make sense in the long term because HCL already maintained a partnership with IBM for a part of the products that they bought and that are overpaying for the purchase.

In fact, HCL shares fell 7.7% after the announcement of the new agreement with IBM, knocking down about 1,500 million dollars of the company's market value.

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