HCLTech has announced plans to enhance its telecommunications services market by expanding its partnership with Hewlett-Packard Enterprise (HPE). As part of the agreement, HCLTech will acquire certain assets from HPE’s Communications Technology Group (CTG), including intellectual property, R&D, engineering talent, and customer relationships with global communication service providers.
The acquisition will provide HCLTech with a range of service offerings in areas such as business support systems, network applications, service cloud, and data intelligence. These capabilities will complement HCLTech’s existing services, enabling the company to offer AI, IoT, and data-driven solutions to its clients. HPE will retain the operations support systems portion of its CTG business, focusing on OSS, orchestration, assurance, and 5G network solutions.
The transaction is subject to regulatory approvals and is expected to close within 6 to 9 months. The move is aimed at strengthening HCLTech’s position in the global telecommunications market and accelerating its growth strategy.
Approximately 1,500 employees from HPE’s CTG will be transferred to HCLTech in various countries, including Spain, Italy, India, Japan, and China, to serve clients globally. This transfer of talent is part of the broader strategic partnership between the two companies.
HCLTech is a global technology company with a strong focus on digital, engineering, cloud, and artificial intelligence services. With over 227,000 employees in 60 countries, the company serves clients across various industries, including financial services, manufacturing, life sciences, technology, telecommunications, retail, and utilities. HCLTech aims to drive progress and innovation for its clients through its diverse portfolio of services and products.
The partnership between HCLTech and HPE reflects a mutual commitment to transforming the telecommunications, media, and technology sectors. This collaboration will enable both companies to leverage each other’s strengths and capabilities to deliver innovative solutions to their customers.
Overall, the expansion of HCLTech’s partnership with HPE signals a strategic move to enhance its presence in the telecommunications services market and drive growth through innovation and collaboration. By combining their expertise and resources, the two companies aim to address the evolving needs of global communication service providers and offer cutting-edge solutions to meet the demands of the digital age.
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https://cxotoday.com/press-release/hcltech-forges-ahead-in-engineering-services-to-global-communication-services-providers-csps-with-purchase-of-communications-technology-group-assets-from-hewlett-packard-enterprise-hpe/
