Thursday, 20 June 2024
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HCLTech pays $225 million for an HPE unit

  • For $225 million, HCLTech purchased the CTG to increase its presence in the telecom industry.
  • Over 1,500 CTG workers with experience in the telecom sector will relocate to HCLTech in several nations.
  • HPE will continue to operate its previous CTG division, which was centered on operations support solutions.

For $225 million, HCLTech purchased the Communications Technology Group (CTG), a Hewlett Packard Enterprise (HPE) business subsidiary, to increase its presence in the telecom industry.

IP, technical and R&D expertise and customer connections with leading communication service providers (CSPs) will all be acquired by HCLTech. To serve clients worldwide, over 1,500 CTG workers with experience in the telecom sector will relocate to HCLTech in several nations, including Spain, Italy, India, Japan, and China.

HCLTech

The business support systems, network applications, cloudification of services, and data intelligence are just a few of the services that HPE plans to acquire from HCLTech.

A portfolio of solutions, software products, and a highly qualified workforce will all be provided by the acquisition. HPE will continue to operate its previous CTG division, which was centered on operations support solutions.

Significant skills and direct connections with 20 of the top 30 global CSPs will be gained by the relocation. Antonio Neri, the president and CEO of Hewlett Packard Enterprise, stated that HCLTech would join a solid partner that respects the history, current plan, and future potential of the CTG company.

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