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HCL Technologies Ltd and Sumeru Equity Partners, a technology and growth-focussed private equity firm, have agreed to jointly acquire US-based Actian Corporation for $330 million (Rs 2,145 crore) in cash. There can be no assurance that the forward-looking statements made herein will prove to be accurate, and issuance of such forward-looking statements should not be regarded as a representation by the Company, or any other person, that the objective and plans of the Company will be achieved. Last summer, HCL Technologies, a global systems integrator, bought Actian, a hybrid database and analytics company that was assembled through many layers of acquisitions and development.

All other trademarks, trade names, service marks, and logos referenced herein belong to their respective companies.Certain statements in this release are forward-looking statements, which involve a number of risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from those in such forward-looking statements. Connect data sources, applications, and businesses easilyRobust platform for analytics and data management at the EdgePowerful transaction processing with embedded analyticsStrategic capabilities for data-driven decision making in times of uncertaintySeamless data ingestion and high-performance analytics delivered in one hybrid cloud data warehouse solution The all-cash deal is valued at US$330 million. HCL operates out of 32 countries and has consolidated revenues of US$ 7.6 billion, for 12 Months ended 31st December 2017. Low-risk, simplified migration to a modern data warehouse deployed on-premise and in multiple clouds Low-risk, simplified migration to a modern data warehouse deployed on-premise and in multiple clouds The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding impact of pending regulatory proceedings, fluctuations in earnings, our ability to manage growth, intense competition in IT services, business process outsourcing and consulting services including those factors which may affect our cost advantage, wage increases in India, customer acceptances of our services, products and fee structures, our ability to attract and retain highly skilled professionals, our ability to integrate acquired assets in a cost-effective and timely manner, time and cost overruns on fixed-price, fixed-timeframe contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, the success of our brand development efforts, liability for damages on our service contracts, the success of the companies /entities in which we have made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property, other risks, uncertainties and general economic conditions affecting our industry. Allegheny HealthChoices automates integration delivery and saves resources with ActianAccelerating Service Quality Insights from Months to Minutes Partners. April 24, 2018; John Bard; Related Tags. We look forward to collaborating with the leadership of Actian and HCL on this growth journey to empower enterprise and public sector organizations for the next phase of their digital transformation.”Actian will continue to operate as a separate entity within the HCL Technologies ecosystem, led by current CEO and President, Rohit De Souza.

HCL will own 80 percent while SEP will own approximately 20 percent of the JV entity which in turn will own 100% … “The age of hybrid data and its management is upon us, and Actian is at the forefront. Modernize application data processing and analytics at the Edge According to reports, HCL will hold the majority stake in this deal, owning 80 percent while SEP, a private equity firm will hold 20 percent stake. You can review our I am delighted to welcome Actian’s employees, partners, and customers to the HCL Technologies ecosystem.”George Kadifa, SEP Managing Director, said: “We see an attractive market growth opportunity for data-centric companies, which is why SEP chose to partner with HCL Technologies in acquiring Actian – a company that leads with product innovation and a customer-focused approach. Competitive solutions, industry-leading incentives and a comprehensive support package ... HCL Technologies Acquires Majority Stake in Actian.

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