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 ...