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M&A Indian Firms: HCL intends to spend upto $2Bn in strategic U.S acquisitions

HCL Technologies' acquisition strategy is three fold; smaller tuck-in buyouts are targeted towards purchasing firms that bring intellectual property (IP) to the company. The company sees these buyouts are in the range of $100 million and less. Some of the recent acquisitions like Capital Stream, Liberata Financial Services and Control Point Solutions fall in this category.

The IT giant is also scouting for Japan and Germany as part of its second level of inorganic growth strategy to expand its geographic reach. Apart from these, HCL's plan includes big buyouts that it calls 'transformation acquisitions'.

"Next two years will be crucial for HCL Technologies because of our proactive research and search for transformation acquisitions. We are active in all three zones of acquisitions and we have a good balance sheet to fund our plans," said Vineet Nayar, CEO, HCL Technologies. The company has cash reserves of $580 million.

When asked about the impact of the recent US financial market turmoil on the company, Nayar said: “HCL is not at risk. Rather the momentum of signing RFPs has gone up as compared to a few months back.” However, he emphasised that the falling discretionary spend and increasing number of deals must coincide so that outsourcing component increases.



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Whale Fall
-----------------

Dress me up in my new threads
clasp my greasy palms
grease my hair
I'm ready for the fall


Watch at all the decadence
watching the avalanche
I'm slipping down
losing my buoyancy


What's become of us
where have we come
this far, this close
close to the doors


I hear them, sublimal chants
I'm on the run
I race through the human sea
I am the king!


I'm the slave
to my own undoings
I'm the jester in my courtyard
We jest as we run


We're strolling on that thin rope
we grope as we rope
we're true heros
we're the survivors


we're the scavengers
we're the friends
we're the lovers
we're the unbred


Soon awaiting the fall
we're lurking on us
we're osedaxing us
we're soon going to be done
we'll soon be arrested




*osedax(bone devourer, newly discovered marine genus) feeds on a fallen(sunken) whale carcass(which is also called a whale fall). Read more here