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<p>In one of its largest acquisitions yet, <strong><a href="http://dealstreetasia.com/tag/hcl-tech" target="_blank" rel="noopener">HCL Technologies</a></strong> along with tech-focused private equity firm Sumeru Equity Partners have entered into an agreement to acquire Actian Corporation, in a $330-million all-cash deal.</p></article>

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<p>In one of its largest acquisitions yet, <strong><a href="http://dealstreetasia.com/tag/hcl-tech" target="_blank" rel="noopener">HCL Technologies</a></strong> along with tech-focused private equity firm Sumeru Equity Partners have entered into an agreement to acquire Actian Corporation, in a $330-million all-cash deal.</p>
<p>Under the terms of the deal, the Noida-based software major will hold 80 per cent while Sumeru Equity will take over around 20 per cent stake of the JV entity, which will fully own Actian Corporation, according to an official statement.</p>
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<p>While HCL has been acquiring companies to propel its growth, its largest buyout so far was that of SAP consulting firm Axon in 2008 for 440 million pounds (then Rs 3,100 crore). This latest acquisition is likely to be the second largest by the tech giant.</p>
<p>Earlier this month, HCL had also acquired <strong><a href="http://dealstreetasia.com/tag/c3i" target="_blank" rel="noopener">C3i Solutions</a></strong>, a multi-channel customer engagement services for the life sciences and consumer packaged goods (CPG) industries, from <a href="http://dealstreetasia.com/tag/merck" target="_blank" rel="noopener"><strong>Merck &amp; Co, Inc</strong> </a>for $60 million.</p>
<p>In September last year, the Noida-based technology firm had acquired Edinburg-based data management firm <strong><a href="http://dealstreetasia.com/tag/datawave" target="_blank" rel="noopener">Datawave</a></strong> for up to £7 million ($9.1 million) in cash. Prior to that in April 2017, HCL announced the acquisition of US-based business process outsourcing firm <strong><a href="http://dealstreetasia.com/tag/urban-fulfilment" target="_blank" rel="noopener">Urban Fulfilment Service LLC</a></strong> in a $30-million all-cash deal.</p>
<p>This latest acquisition will help add cutting-edge intellectual property to HCL’s capabilities to enable global enterprises’ digital transformation journey, it said in its statement.</p>
<p>Palo Alto-based Actian, which counts Citi, Deutsche Bank and GE Transportation as customers, solves data challenges for them, delivering analytics query results fast and at scale.</p>
<p>&#8220;Actian will play a critical role in enhancing HCL’s Mode 3 offerings in data management products and platforms. Actian’s products when combined with HCL’s Mode 2 solution offerings – Cloud Native, Digital and Analytics, and IoTWorks, will be a powerful proposition to harness the power of hybrid data,&#8221; said C Vijayakumar, President and CEO, HCL Technologies.</p>
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<p>Actian will continue to operate as a separate entity within the HCL Technologies, led by current CEO and President, Rohit De Souza.  As the majority stakeholder, HCL Technologies will have majority representation on the Actian board of directors, and SEP managing directors George Kadifa and Sanjeet Mitra will also join the board once the deal is concluded.</p>
<p><strong>Also Read:</strong></p>
<p><span style="color: #ff0000;"><strong><a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/hcl-tech-to-acquire-c3i-solutions-from-merck-for-60m-95675/" target="_blank" rel="noopener">India: HCL Tech to acquire US-based C3i Solutions from Merck for $60m</a></strong></span></p>
<p><span style="color: #ff0000;"><strong><a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/hcl-tech-buy-uk-based-enterprise-data-firm-datawave-81796/" target="_blank" rel="noopener">HCL Tech to buy UK-based enterprise data firm Datawave for $9.1m</a></strong></span></p>
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Software major HCL will hold 80% of the JV entity, which will fully own Actian Corporation. PE firm Sumeru will own the remaining stake.

India: HCL Tech partners Sumeru Equity to buy US-based Actian Corp for $330m

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India: HCL Tech partners Sumeru Equity to buy US-based Actian Corp for $330m

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