HCL Technologies acquired IBM’s Lotus Notes, Domino and Tivoli for $1.8 billion Cash deal
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India’s HCL Technologies acquired IBM’s Lotus Notes, Domino and Tivoli product for $1.8 billion for all in Cash deal. And the deal will be completed by mid of 2019. Lotus Notes, one of the successful product for IBM’s enterprise business from long time finally sold to HCL.
HCL was maintaining the development part from last year and IBM was only maintaining sales and marketing for the product.
Recently IBM acquired Red Hat for $34 billion.
HCL CEO and President C Vijayakumar said, they see an opportunity to continue to build the Notes/Domino business. He said, The large-scale deployments of these products provide us with a great opportunity to reach and serve thousands of global enterprises across a wide range of industries and markets.
HCL is more interested in the Notes/Domino and they are investing heavily and trying to rejuvenate the brand.
IBM’s Lotus notes has lots of clients in all over the world, still there are lots of enterprises are using Lotus Notes or Domino.
Lotus Notes was not a IBM product rather, IBM acquired Lotus for $3.52 billion in 1995 and Tivoli for $743 million in 1996.
These products are a direct competitor to Microsoft Exchange and Office 365. But Microsoft way ahead since they provide cloud services in Office 365. But Lotus notes or domino are not any presence in cloud.
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