Big Blue has apparently decided to swap some of its software portfolio for some long green:
HCL Technologies has parted with $1.8 billion to pick up a number of IBM software products. The companies said in a release that the transaction should close mid-next year, subject to regulatory approvals.
The products HCL has picked up include Notes and Domino; Connections; on-premises versions of Portal, Commerce, and Unica; BigFix; and Appscan.
“The products that we are acquiring are in large growing market areas like security, marketing, and commerce, which are strategic segments for HCL,” president and CEO of HCL Technologies C Vijayakumar said.
“Many of these products are well regarded by clients and positioned in the top quadrant by industry analysts.”
As a Notes user connected to a Domino server, I give a hard pass on this “well regarded” business.
The Fark submitter said “Someone intentionally bought Lotus Notes,” and, well, it seemed funny at the time.