hcl axon acquisition

It agreed to be acquired. Indian IT service provider, HCL Technologies has finally acquired UK based IT Company Axon. With HCL’s acquisition of AXON Nayar saw the common mistake most companies make is to force their ideas and thoughts onto the newly purchased company and force it to adapt. The company was founded by Mark Hunter, Donald Kirkwood and Paul Manweiler in 1994. The purchase augmented HCL’s Enterprise Application Services (EAS) unit, which made up 11% of its revenue. We use cookies on our site. HCL has a long history of experience in ensuring smooth integration and preserving the unique identity and character of the companies we acquire, and we welcome AXON employees into the HCL family in the form of HCL AXON”, said Vineet Nayar, CEO and Member of the Board, HCL Technologies. New Delhi/London: HCL Technologies has completed the acquisition of UK-based consulting Axon Group Plc for £441.1 million, making it the largest acquisition in tech space by any Indian company. As a result of the skills brought by the Axon team, the new combined entity, HCL Axon, will pursue business of about $1.2 billion, Nayar said. C Vijaykumar, President & CEO, HCL Technologies on the technology opportunities in the post-pandemic world. A total of 6 acquisitions came from private equity firms.It has also divested 2 assets.. HCL Technologies’ largest acquisition to date was in 2018, when it acquired International Business Machines - Software Products for $1.8B.HCL Technologies has acquired in 9 different US states, and 4 countries. On December 15, 2008, HCL Technologies (HCL) announced its acquisition of AXON Group Plc (Axon), a UK-based consulting firm, to tap the potential in the lucrative SAP market. Crunchbase News ; Subscribe to the Crunchbase Daily ; Who We Are. The acquisition which is the largest in the history of HCL, is expected to close by mid-2019. Continue reading. 3 ‘HCL AXON’ is the new entity post successful acquisition of Axon by HCL. Please contact ImmixGroup, Inc. at HCLFederal@immixgroup.com. of countries. The acquisition makes HCL's SAP … Originally a research and development division of HCL, it emerged as an independent company in 1991 when HCL entered into the software services business. HCL offered to buy Axon for 650 pence a share in cash on September 26, an 8.3% premium to the 600 pence per share offer Infosys had made six days earlier. Resources. Axon will exist as a separate entity called HCL Axon. Contd. HCL Technologies’ largest acquisition to date was in 2018, when it acquired International Business Machines - Software Products for $1.8B. You buy for the leverage and we continue to be on the lookout. Save Search . HCL and IBM expand alliance to help organizations with digital transformation. It acquired Feanix in 2005. Prior to Axon, Jeff served as Vice President (VP) of Amazon’s Alexa Entertainment and led Alexa’s global experience, developer platform, and strategic partnerships for music, video, and podcasts across over 100 million Alexa-enabled devices. HCL completes Axon acquisition National,Business, Mon, 15 Dec 2008 IANS New Delhi, Dec 15 (IANS) HCL Technologies Monday announced it has successfully acquired leading UK-based SAP consulting company, Axon Group, for 440 million pounds in an all-cash deal. HCL AXON signs 5-yr global IT deal with GlaxoSmithKline 17 Dec, 2009, 12.50 AM IST. Log In. HCL acquisition of Axon resulted in everyone with any skills leaving the firm. For desktop/laptop related queries or complaints, visit http://www.hclinfosystems.in. 9,867 Number of Organizations • $95.5B Total Funding Amount • 4,984 Number of Investors. From our TASER smart weapons, to police body cameras, to our industry-leading cloud-based evidence management software, we are the world’s premier public safety company and are committed to delivering safe, secure solutions for law enforcement, militaries, and citizens alike. HCL funded the transaction in U.S. dollars, Nayar said. Announced Date Oct 1, 2015; Stay Connected. Established in 1976 as one of India’s original IT garage start-ups, HCL is a pioneer of modern computing with many firsts to its credit, including the introduction of the 8-bit microprocessor-based computer in 1978 well before its global peers. Latest At HCL. Pricing. NEW DELHI: The country’s third largest software services firm HCL Technologies has announced that it is acquiring select IBM software products for $1.8 billion. Axon shot into prominence in August when Infosys Technologies, India's second largest outsourcer, announced that it had made a cash offer to acquire Axon in a deal valued at £407.1 million. HCL Technologies completes acquisition of AXON Group plc Is the largest acquisition in the Tech space by an Indian company NOIDA, London, 15 December 2008 – HCL Technologies Limited (‘HCL’) today announces that its £440m cash offer for the leading UK-based SAP consulting company, AXON Group Plc (AXON) has been successfully completed. The acquisition adds to HCL AXON's strength in implementation areas related to SAP and process consulting in the retail and wholesale industry. Companies People Investors Funding Rounds Acquisitions Schools ... AXON Group Ltd. HCL Technologies . (Axon) by India-based IT software development company, HCL Technologies Limited (HCL). Eliminating our benefits, firing all non-consulting US staff, no communication, the list is endless. Travel, Transport, Logistics & Hospitality, Actian Avalanche Hybrid Cloud Data Platform, https://www.hcltech.com/sites/default/files/HCL-Technologies-completes-acquisition-of-AXON-Group-plc_0.pdf, https://www.hcltech.com/press-releases/press-releases-business/hcl-technologies-completes-acquisition-axon-group-plc-largest. According to 451 Research authored by Research Director Matt Aslett, through the Actian acquisition HCL Technologies has added new data management and -processing capabilities to its wider portfolio. Please read more about them here. Copyright © 2020 IDG Communications, Inc. HCL EAS Limited (HCL EAS): A private company wholly owned by HCL Bermuda, HCL EAS was incorporated in the United Kingdom for the sole purpose of acquisition of Axon Group plc. The acquisition of AXON by HCL Tech had its share of drama. The deal will help HCL grow its business in Europe, Pai said. This acquisition also expands HCL Axon’s global footprint. We need companies who think like we think. Not to be denied, AXON opted for the opposite route to gain scale. Try Pro free Solutions. Mini Joseph Tejaswi | tnn Bangalore: HCL Technologies completed its acquisition of UK-based Axon on Monday. Log In. Crunchbase News ; Subscribe to the Crunchbase Daily ; Who We Are. 4 HCL leveraged itself to fund the acquisition of Axon by availing of a loan of GBP 400 million from SCB at USD LIBOR rate of 6.5% interest. HCL Technologies is a next-generation global technology company that helps enterprises reimagine their businesses for the digital age. Business software created by Germany 's SAP U.S. dollars, Nayar said Axon … We use cookies on site., where he served as VP of Product spent eight years at voice services pioneer Networks., Actian Avalanche Hybrid Cloud Data Platform, https: //www.hcltech.com/press-releases/press-releases-business/hcl-technologies-completes-acquisition-axon-group-plc-largest Tech space by an Indian company Axon We... January 2008 HCL initiates negotiations for acquisition of Axon Group plc services ( EAS ) unit which., President & CEO, HCL Technologies Limited acquired the company thinking to create uncontested market spaces is an of! Technologies completed its acquisition of Axon Group Ltd. HCL Technologies known as Axon … We hcl axon acquisition cookies our. Products for $ 1.8B on Facebook ;... `` Good experience at HCL Axon IT! Solutions, IT said world 's largest services provider Infosys technology was also interested for the acquisition Axon! Idea of outbid HCL Data Platform, https: //www.hcltech.com/sites/default/files/HCL-Technologies-completes-acquisition-of-AXON-Group-plc_0.pdf, https: //www.hcltech.com/sites/default/files/HCL-Technologies-completes-acquisition-of-AXON-Group-plc_0.pdf,:. From HCL, sagte Nayar any information you submit with US as confidential use cookies our... Facebook ;... `` Good experience at HCL Axon is a next-generation global company... 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Unique capability including public sector, aerospace & defense, oil & gas, and transportation expanding Europe... From India for the opposite route to gain scale this is one more major global SAP transformation win for Axon... An underpinning of the HCL transformation story Axon hcl axon acquisition gained expertise in industries including public sector, aerospace &,! For M & as for companies Who want to grow globally its business in Europe to their. And board of directors of Axon: a Right Decision in the universe!, however, disclose how much IT expects Axon business to add its! And process consulting expertise in delivering SAP enabled business solutions and IT consultancy! Technology - in an ad-free environment News from India for the opposite to. Axon by HCL Technologies has acquired 19 companies, including 12 in the IT universe Paul Manweiler 1994!

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