HCLTech has acquired the Communications Technology Group, a commercial division of Hewlett Packard Company (HPE), for 225 million dollars in a move to strengthen its presence in the telecommunications vertical. This acquisition will bring in talent in intellectual property, engineering, and research and development, as well as relationships with leading communication service providers (CSPs). Around 1,500 employees of CTG with experience in the telecommunications industry in countries such as Spain, Italy, India, Japan, and China will move to HCLTech to serve clients globally.
As part of the agreement, HCLTech will gain access to a skilled team, select software products, and a portfolio of service offerings including solutions and system integration around business support systems and network applications. However, HPE will retain the portion of its former CTG business focused on operations support systems.
This acquisition highlights HCLTech’s strategic focus on expanding its reach in the telecommunications sector by acquiring key talents, technologies, and relationships to enhance its service offerings to communication service providers worldwide. The acquisition of the Communications Technology Group from Hewlett Packard Company for 225 million dollars is a significant move to strengthen its position in the telecommunications vertical.
The acquisition will bring in 1,500 employees with expertise in the telecommunications industry from various countries to join HCLTech, providing the company with a skilled team, select software products, and a portfolio of service offerings including solutions and system integration around business support systems and network applications. This move will help HCLTech to better serve its clients globally and enhance its presence in the telecommunications sector.
By acquiring the CTG from Hewlett Packard Company, HCLTech aims to strengthen its position in the telecommunications vertical by gaining access to key talents, technologies, and relationships with leading communication service providers. This strategic acquisition will enable HCLTech to expand its service offerings and provide innovative solutions to its clients in the telecommunications industry.
In conclusion, the acquisition of the Communications Technology Group from Hewlett Packard Company by HCLTech for 225 million dollars is a strategic move to strengthen its presence in the telecommunications vertical. This acquisition will bring in key talents, technologies, and relationships with leading communication service providers, enabling HCLTech to enhance its service offerings and better serve its clients globally.
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https://timesofindia.indiatimes.com/business/india-business/hcltech-buys-ctg-hewlett-packards-unit-for-225mn/articleshow/110376970.cms
