Avastu Blog: Sustainable Global Clouds

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 re...

IT services provider HCL Technologies Ltd (HCL) has set up a new global development centre named Sydney which will help to accommodate over 500 members across the region. The Sydney centre is part of HCL’s global delivery strategy to offer customers support from various locations across the globe. The centre currently employs 50 people in support, maintenance and some custom product development roles. At present HCL has its delivery centres in India, China, Poland, Singapore and Ireland and has recently announced its plans to open the US delivery centre in North Carolina, a company release said. Source