HCL Acquires Select Software Products from IBM

IBM and HCL Technologies announced a definitive agreement under which HCL will acquire select IBM software products for $1.8 billion. The transaction is expected to close by mid-2019, subject to completion of applicable regulatory reviews.

The software products in scope represent a total addressable market of more than $50 billion and include:

* Appscan for secure application development,

* BigFix for secure device management,

* Unica (on-premises) for marketing automation,

* Commerce (on-premise) for omni-channel e-commerce,

* Portal (on-premises) for digital experience,

* Notes & Domino for email and low-code rapid application development, and

* Connections for workstream collaboration.

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