HCLTech Forges Ahead in Engineering Services to Global Communication Services Providers (CSPs) with Purchase of Communications Technology Group Assets from Hewlett Packard Enterprise (HPE)
23 Mai 2024 - 5:33PM
Business Wire
HCLTech plans to expand its strategic
partnership further with HPE
HCLTech (NSE: HCLTECH), a leading global technology company,
today announced it will extend its leadership in the telecom
services market with Hewlett Packard Enterprise (NYSE: HPE),
carving out certain Communications Technology Group (CTG) assets to
HCLTech. Through this arrangement, HCLTech will acquire
industry-leading intellectual property(IP), Engineering and R&D
talent and client relationships with top global Communication
Service Providers (CSPs).
HCLTech will gain a portfolio of service offerings that includes
industry-leading IP, solutions and systems integration around
Business Support Systems (BSS), network applications, service
cloudification and data intelligence. These capabilities will also
complement HCLTech’s existing highly digitized services with
artificial intelligence (AI), Internet of Things (IoT), and
data-driven models; enhanced efficiency; frictionless integration;
and an end-to-end partner ecosystem.
HPE will retain the part of its former CTG business focused on
Operations Support Systems (OSS). The Telco Solutions group, which
sits within HPE Aruba Networking, is a leader in OSS, orchestration
and assurance -- as well as public 5G SDM and private 5G networking
-- and will continue to deliver value for HPE's telco customers and
partners.
This transaction is subject to regulatory approvals and other
customary closing conditions and is expected to close in 6 to 9
months.
“With this transaction and our planned strategic partnership
with HPE, we are strengthening our telecom practice to address the
rapidly expanding and transforming global telecom market,” said C
Vijayakumar, CEO and Managing Director of HCLTech. “With the
incoming top engineering talent and industry-leading IP from the
CTG group of HPE, we are adding significant capabilities and direct
relationships with global CSPs that include 20 of the Top 30,
accelerating our growth strategy in the global telecom industry. As
we chart our course forward, we envision an even larger strategic
partnership with HPE, paving the way for strong growth through
innovation, joint integrated propositions and transformation
services."
“At HPE, we continually refine and innovate our portfolio to
meet the dynamic needs of our customers. HPE is pleased to have
identified HCLTech as the right partner to support the ongoing
transformation of global telecom, media and tech companies,” said
Antonio Neri, President and Chief Executive Officer of Hewlett
Packard Enterprise. “In joining HCLTech, our Communications
Technology Group will become part of a strong partner that
understands and appreciates the significant heritage of our CTG
business, its strategy and its potential for the future.”
As part of this agreement, approximately 1,500 employees of CTG
with telecom industry experience will transfer to HCLTech in
various countries -- including Spain, Italy, India, Japan and China
-- to service clients globally.
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version on businesswire.com: https://www.businesswire.com/news/home/20240523120391/en/
Meenakshi Benjwal, Americas meenakshi.benjwal@hcltech.com
Elka Ghudial, EMEA elka.ghudial@hcltech.com
James Galvin, ANZ james.galvin@hcltech.com
Siddhartha Bhatnagar, India bhatnagars@hcltech.com
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