IBM to sell some of its software products to HCL for US$1.8bn

By on
IBM to sell some of its software products to HCL for US$1.8bn

Divests in seven products.

IBM has said it will sell some of its software products business to Indian software services exporter HCL Technologies for US$1.80 billion. The software products in scope represent a total addressable market of more than US$50 billion, IBM said in a statement on Thursday. The company will divest ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.
Tags:
hcl ibm software strategy

Most Read Articles

Telstra to have Australian agents answer all inbound calls from 2022

Telstra to have Australian agents answer all inbound calls from 2022
Critical F5 BIG-IP vulnerability made public

Critical F5 BIG-IP vulnerability made public
Telstra gets two more years to upgrade or sell its residential fibre networks

Telstra gets two more years to upgrade or sell its residential fibre networks
CBA hit by nine-hour online banking, payments outage

CBA hit by nine-hour online banking, payments outage
You must be a registered member of iTnews to post a comment.
| Register

Whitepapers from our sponsors

Get IT, finance and business on the same page
Get IT, finance and business on the same page
Why is DevSecOps important to your business?
Why is DevSecOps important to your business?
Architecting Hybrid IT & Edge for Digital Advantage
Architecting Hybrid IT & Edge for Digital Advantage
Organizations Increasing Their Adoption of NFV
Organizations Increasing Their Adoption of NFV
Modernise IT by Reducing Your Reliance on AD
Modernise IT by Reducing Your Reliance on AD

Events

Log In

Username / Email:
Password:
  |  Forgot your password?