HCL Technologies to acquire Select IBM software products for $1.8 billion

HCL Technologies has entered into definitive agreement under which HCL will acquire Select IBM software products for $1.8 billion. The transaction is expected to close by mid-2019. 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-premise) for marketing automation and Commerce (on-premise) for omni-channel eCommerce.

HCL Technologies is a leading global IT services company that helps global enterprises re-imagine and transform their businesses through digital technology transformation.