HPE’s Communications Technology Group to transition to HCLTech in $225 Million deal

HCLTech has announced a strategic deal with Hewlett Packard Enterprise’s Communications Technology Group (CTG) in a $225 million all-cash acquisition. This move is aimed at strengthening HCLTech’s telecom services by incorporating top engineering talent and advanced IP from CTG. The acquisition includes assets that will benefit HCLTech in the telecom industry, particularly in serving global Communications Service Providers (CSPs). The deal is pending regulatory approvals and is expected to enhance HCLTech’s global delivery model in the telecom vertical. The acquisition will also position HCLTech among the top-30 CSPs globally, with a strong presence in countries like Spain, Italy, India, Japan, China, Americas, and the APAC region. This strategic partnership is a significant step for HCL Technologies and highlights their commitment to expanding their presence in the competitive telecom market.