HCLTech to Acquire Significant Intellectual Property and R&D Assets from HPE

By Consultants Review Team Friday, 24 May 2024

HCLTech has declared its intention to acquire particular R&D and intellectual property (IP) assets from Hewlett Packard Enterprise (HPE). By taking this calculated risk, HCLTech hopes to strengthen its position in the telecom engineering services industry. It will specifically target the areas of business support systems (BSS), network applications, service cloudification, and data intelligence.

By combining these resources with its current digital technologies—which make use of artificial intelligence (AI), the Internet of Things (IoT), and data-driven processes—HCLTech hopes to improve the services it provides. By fostering smooth integration throughout a vast partner ecosystem and improving operational efficiency, this purchase is expected to strengthen HCLTech's position in the market.

Innovative intellectual property and technological solutions are among the assets from HPE that are anticipated to provide HCLTech's portfolio a competitive edge. To improve HCLTech's engineering skills and better serve international communication service providers (CSPs), these are mostly assets that were taken out of HPE's Communications Technology Group (CTG).

In the meanwhile, HPE will continue to operate its Operations Support Systems (OSS) division under the HPE Aruba Networking business unit. In addition to supporting HPE's telecom clients and partners, this unit is renowned for its proficiency in OSS, orchestration, assurance, public 5G Service Delivery Management (SDM), and private 5G networking solutions.

This transaction should be completed in six to nine months, subject to usual closing conditions and regulatory clearances.

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