India software firm HCL Technologies has entered into an agreement to acquire a portfolio of IBM software products for US$1.8 billion. The transaction is expected to close by mid-2019 upon completion of applicable regulatory reviews.The produces include:
- Appscan for secure application development
- BigFix for secure device management
- Unica (on-premise) for marketing automation
- Commerce (on-premise) for omni-channel eCommerce
- Portal (on-premise) for digital experience
- Notes & Domino for email and low-code rapid application development
- Connections for workstream collaboration
Interestingly, the purchase includes Notes and Domino, two software that IBM added to its product lines following its purchase of Lotus in 1995.
“The products that we are acquiring are in large growing market areas like security, marketing and commerce, which are strategic segments for HCL,” said C Vijayakumar, President and CEO of HCL Technologies.
He sees a tremendous potential for creating compelling as-a-service offerings by combining these products with his company’s services.
“We believe the time is right to divest these select collaboration, marketing and commerce software assets, which are increasingly delivered as stand-alone products. At the same time, we believe these products are a strong strategic fit for HCL, and that HCL is well positioned to drive innovation and growth for their customers,” said John Kelly, Senior Vice President of Cognitive Solution and Research of IBM.