NEW DELHI: The country’s third largest software services firm HCL Technologies has announced that it is acquiring select IBM software products for $1.8 billion. On December 15, 2008, HCL Technologies (HCL) announced its acquisition of AXON Group Plc (Axon), a UK-based consulting firm, to tap the potential in the lucrative SAP market. NOIDA, London, 15 December 2008 – HCL Technologies Limited (‘HCL’) today announces that its £440m cash offer for the leading UK-based SAP consulting company, AXON Group Plc (AXON) has been successfully completed. John Ribeiro covers outsourcing and general technology breaking news from India for the IDG News Service. “A Blue Ocean thinking to create … The acquisition which is the largest in the history of HCL, is expected to close by mid-2019. Log In. NOIDA, London, 15 December 2008 – HCL Technologies Limited (‘HCL’) today announces that its £440m cash offer for the leading UK-based SAP consulting company, AXON Group Plc (AXON) has been successfully completed. In December 2008, HCL Technologies Limited acquired the Company. Axon will exist as a separate entity called HCL Axon. HCL Completes Acquisition of Axon. Acquisition search results. In reality he saw that the reason for purchasing AXON was because they were good at what they did, in fact better at it than HCL and the company would gain more value from learning from AXON and how it was being successful. HCL AXON presently boasts process consulting expertise in industries including public sector, aerospace & defense, oil & gas, and transportation. NEW DELHI: The country’s third largest software services firm HCL Technologies NSE -3.44 % has announced that it is acquiring select IBM software products for $1.8 billion. Share on Facebook; ... "Good experience at HCL Axon, formerly known as Axon … Please read more about them here. Companies People Investors Funding Rounds Acquisitions Schools ... AXON Group Ltd. HCL Technologies . The acquisition makes HCL's SAP … The merger of Axon and HCL SAP practice presents a great opportunity to bring new capabilities to the market with a truly global delivery model providing the full lifecycle suite of services - fitting into HCL’s Blue Ocean strategy perfectly. HCL EAS has entered into a senior facility agreement with SCB as being the HCL Technologies has acquired 19 companies, including 12 in the last 5 years. Solutions HCL completes Axon acquisition National,Business, Mon, 15 Dec 2008 IANS New Delhi, Dec 15 (IANS) HCL Technologies Monday announced it has successfully acquired leading UK-based SAP consulting company, Axon Group, for 440 million pounds in an all-cash deal. Copyright © 2008 IDG Communications, Inc. HCL’s acquisition of AXON combined the best of AXON’s strong business consulting and implementation capabilities and HCL’s robust global delivery-based application management capabilities. With HCL’s acquisition of AXON Nayar saw the common mistake most companies make is to force their ideas and thoughts onto the newly purchased company and force it to adapt. HCL has a long history of experience in ensuring smooth integration and preserving the unique identity and character of the companies we acquire, and we welcome AXON employees into the HCL family in the form of HCL AXON”, said Vineet Nayar, CEO and Member of the Board, HCL Technologies. In reality he saw that the reason for purchasing AXON was because they were good at what they did, in fact better at it than HCL and the company would gain more value from learning from AXON and how it was being successful. of countries. To get more details about procurement please click here. The case examines the acquisition of the UK-based SAP consultancy company Axon Group Plc. From our TASER smart weapons, to police body cameras, to our industry-leading cloud-based evidence management software, we are the world’s premier public safety company and are committed to delivering safe, secure solutions for law enforcement, militaries, and citizens alike. It acquired Feanix in 2005. Northeastern US Information Technology Companies . (Axon) by India-based IT software development company, HCL Technologies Limited (HCL). Please contact ImmixGroup, Inc. at HCLFederal@immixgroup.com. The acquisition by HCL was completed in December 2008. HCL Technologies completes acquisition of AXON Group plc Is the largest acquisition in the Tech space by an Indian company NOIDA, London, 15 December 2008 – HCL Technologies Limited (‘HCL’) today announces that its £440m cash offer for the leading UK-based SAP consulting company, AXON Group Plc (AXON) has been successfully completed. New Delhi/London: HCL Technologies has completed the acquisition of UK-based consulting Axon Group Plc for £441.1 million, making it the largest acquisition in tech space by any Indian company. A total of 6 acquisitions came from private equity firms. Continue reading. HCL promotes the controversial ‘employee first’ concept. Not to be denied, AXON opted for the opposite route to gain scale. Previously listed on the London Stock Exchange, and a FTSE 250 Index constituent, the company has been a subsidiary of Indian outsourcing firm HCL Technologies since December 2008, after the reverse merger of Axon Group and HCL SAP practice. Crunchbase News ; Subscribe to the Crunchbase Daily ; Who We Are. HCL Technologies Limited, is an Indian multinational information technology (IT) services and consulting company headquartered in Noida, Uttar Pradesh, India.It is a subsidiary of HCL Enterprise. HCL Technologies Presents at the 23rd Annual CITIC CLSA India Forum 2020. January 2008 HCL initiates negotiations for acquisition of Axon. The Axon Network connects people, devices, and apps to protect life in all regards. Search Crunchbase. Announced Date Oct 1, 2015; Stay Connected. Bangalore Correspondent, Aug 19, 2011 . HCL funded the transaction in U.S. dollars, Nayar said. This offer was subsequently beaten by a rival offer for £441m by HCL Technologies. HCL AXON is the world's largest services provider dedicated to SAP solutions, it said. HCL AXON signs 5-yr global IT deal with GlaxoSmithKline 17 Dec, 2009, 12.50 AM IST. Starting with the Axon acquisition a decade ago, HCL has created a strong foothold for SAP offerings in the U.K. market and continues with its SAP Cloud Natives Lab and related innovation practices in the U.K. HCL has around 900 SAP practitioners and 350 SAP HANA certified consultants working in London and Egham, U.K., today. Cons. Pricing. Save Search . Added Steve Cardell, HCL Axon president: “HCL Axon has enormous potential, given the complementary strengths of both companies.” Some industry analysts earlier argued that acquiring Axon would not be a good bet for HCL as it would be difficult to make the acquisition work out … HCL AXON presently boasts process consulting expertise in industries including public sector, aerospace & defense, oil & gas, and transportation. HCL hat jedoch nicht offen gelegt, in welchem Umfang Axon erwartet, seinen jährlichen Umsatz zu steigern. Originally a research and development division of HCL, it emerged as an independent company in 1991 when HCL entered into the software services business. Windows 10's new optional updates explained, How to manage multiple cloud collaboration tools in a WFH world, Windows hackers target COVID-19 vaccine efforts, Salesforce acquisition: What Slack users should know, How to protect Windows 10 PCs from ransomware, Windows 10 recovery, revisited: The new way to perform a clean install, 10 open-source videoconferencing tools for business. Indian company HCL Technologies has completed the acquisition of UK-based consulting Axon Group for GBP 441.1 million (468.3 million Euro,) making it the largest acquisition in tech space by any Indian company, it was reported. Indian outsourcers are expanding in Europe to reduce their dependence on the U.S., their largest market. HCL Armagh . Axon is known for consulting services based on business software created by Germany's SAP. HCL Technologies Completes Acquisition Of AXON Group Monday 15th December 2008 This appears to be the largest acquisition in the tech space by an Indian company. 3 ‘HCL AXON’ is the new entity post successful acquisition of Axon by HCL. To the Axon acquisition will help HCL become a brand name in the IT universe. You buy for the leverage and we continue to be on the lookout. HCL Axon wird 4.500 SAP-Berater haben, davon 1.700 von HCL, sagte Nayar. Acquisition search results. HCL Technologies, India’s fifth-largest IT software and services provider, said it has completed its £440 million (around Rs 3,100 crore) cash offer for UK-based SAP consulting company, Axon Group Plc -- the country's largest overseas acquisition in the IT space. Initially, Infosys Technologies Limited (Infosys), the second largest IT company in India, planned to acquire Axon. Products. INDIA’S largest tech acquisition bid just got bigger. HCL was aiming to become one of the most valuable brands in the world by 2010, the acquisition of Axon was a decision in this direction. ; Meanwhile, Palo Alto based Actian that has had a lot of customer wins gets a new parent company with deeper financial pockets and potential for multiple partnership opportunities. HCL offered to buy Axon for 650 pence a share in cash on September 26, an 8.3% premium to the 600 pence per share offer Infosys had made six days earlier. C Vijaykumar, President & CEO, HCL Technologies on the technology opportunities in the post-pandemic world. Axon was a transformative acquisition for HCL. Implementation agreement concluded and board of directors of Axon (“Board”) recommends the offer to the shareholders of Axon. It agreed to be acquired. With HCL, you get a fresh perspective and a unique capability. The revenue earned by Indian outsourcers from the SAP services market was only about $1.5 billion in a year, because they did not have the consulting capabilities to help customers transform their businesses, he added. The company was founded by Mark Hunter, Donald Kirkwood and Paul Manweiler in 1994. Use the PitchBook Platform to explore the full profile. Starting with the Axon acquisition a decade ago, HCL has created a strong foothold for SAP offerings in the U.K. market and continues with its SAP Cloud Natives Lab and related innovation practices in the U.K. HCL has around 900 SAP practitioners and 350 SAP HANA certified consultants working in London and Egham, U.K., today. Indian outsourcer HCL Technologies has completed its £ 441 million (US$658 million) cash offer for Axon Group, an SAP consulting company in the U.K. and Axon … HCL Technologies, India’s fifth-largest IT software and services provider, said it has completed its £440 million (around Rs 3,100 crore) cash offer for UK-based SAP consulting company, Axon Group Plc -- the country's largest overseas acquisition in the IT space. But, once the two companies came together, HCL Tech was pulling AXON into every deal by deploying high-priced consultants. The acquisition adds to HCL AXON's strength in implementation areas related to SAP and process consulting in the retail and wholesale industry. Pricing. How did that play out for Axon? New Delhi/London: HCL Technologies has completed the acquisition of UK-based consulting Axon Group Plc for £441.1 million, making it the largest acquisition in tech space by any Indian company. Read More . Eliminating our benefits, firing all non-consulting US staff, no communication, the list is endless. Prior to Axon, Jeff served as Vice President (VP) of Amazon’s Alexa Entertainment and led Alexa’s global experience, developer platform, and strategic partnerships for music, video, and podcasts across over 100 million Alexa-enabled devices. Axon's skills complement HCL's capabilities in the areas of application maintenance and infrastructure management, said Ram Krishna, corporate vice president and head of enterprise application services at HCL. The acquisition of AXON by HCL Tech had its share of drama. IDG News Service |. The case analyses HCL's strategy in this context, analysing the need for mergers and acquisitions (M&As) during an economic downturn. HCL Axon will have 4,500 SAP consultants, with 1,700 of them from HCL, Nayar said. Axon Group plc. Track . According to 451 Research authored by Research Director Matt Aslett, through the Actian acquisition HCL Technologies has added new data management and -processing capabilities to its wider portfolio. Established in 1976 as one of India’s original IT garage start-ups, HCL is a pioneer of modern computing with many firsts to its credit, including the introduction of the 8-bit microprocessor-based computer in 1978 well before its global peers. Axon had gained expertise in delivering SAP enabled business solutions and it offered consultancy services to leading multinational companies in no. But, our general preference in acquisitions is based on the string of pearls idea. HCL announced the acquisition of Axon on December 15, 2008 for 440 million. The acquisition which is the largest in the history of HCL, is expected to close by mid-2019. Search Crunchbase. NEW DELHI, Nov 24 (Reuters) - HCL Technologies sees its margins shaved by the acquisition of British software firm Axon Ltd AXO.L, its chief executive said on Monday.Axon … Resources. Log In. Try Pro free Solutions. Advanced. Indian outsourcer HCL Technologies has completed its £441 million (US$658 million) cash offer for Axon Group, an SAP consulting company in the U.K. and Axon will be delisted from the London Stock Exchange Tuesday. Resources. Companies People Investors Funding Rounds Acquisitions Schools ... AXON Group Ltd. HCL Technologies . Jeff also spent eight years at voice services pioneer Tellme Networks, where he served as VP of Product. The second largest software services provider infosys technology was also interested for the acquisition but dropped the idea of outbid HCL. Originally a research and development division of HCL, it emerged as an independent company in 1991 when HCL entered into the software services business. Lists Featuring This Company. HCL For desktop/laptop related queries or complaints, visit http://www.hclinfosystems.in. Copyright © 2020 IDG Communications, Inc. Resources. The purchase augmented HCL’s Enterprise Application Services (EAS) unit, which made up 11% of its revenue. Try Pro free Solutions. Save Search . Subscribe to access expert insight on business technology - in an ad-free environment. With HCL’s acquisition of AXON Nayar saw the common mistake most companies make is to force their ideas and thoughts onto the newly purchased company and force it to adapt. HCL Technologies has acquired 19 companies, including 12 in the last 5 years. HCL outbid Infosys in September when it announced that it had made a cash offer for Axon that valued its entire issued and to-be-issued share capital at £441.1 million. As a result of the appreciation of the dollar against the U.K. pound, HCL paid $658 million on closure of the deal, which was far lower than the estimated $800 million it looked like it would pay in September, he added. In July 2008, the Company’s Australian subsidiary, Axon Solutions Pty Limited, completed the acquisition of Consulting Principles Pty Ltd. On October 14, 2008, the Company acquired a 10.43% stake in Axon Group PLC. HCL's Acquisition of Axon: A Right Decision in the Gloomy IT Scenario? This case examines the acquisition of the UK-based SAP (System Application Products) consultancy company Axon Group Plc by India-based IT software development company, HCL Technologies Limited. We use cookies on our site. August 25, 2008 Formal bid made by Infosys for acquisition of Axon for GBP 407.1 million (600 pence per share). On December 15, 2008, HCL Technologies (HCL) announced its acquisition of AXON Group Plc (Axon), a UK-based consulting firm, to tap the potential in the lucrative SAP market. We will treat any information you submit with us as confidential. The acquisition adds to HCL AXON's strength in implementation areas related to SAP and process consulting in the retail and wholesale industry. HCL Axon acquired by HCL Armagh . This is one more major global SAP transformation win for HCL AXON since HCL Technologies' acquisition of AXON in December 2008. HCL Technologies, the country’s fifth-largest tech firm, on Friday announced a counter-offer to acquire UKbased SAP consultancy Axon Group for about £441.1 million ($810.8 million) or 650 pence a share. This acquisition also expands HCL Axon’s global footprint. HCL Technologies’ largest acquisition to date was in 2018, when it acquired International Business Machines - Software Products for $1.8B. You must have JavaScript enabled to use this form. Products. HCL Technologies, India’s leading Information Technology firm, today said it had completed the acquisition of UK’s leading SAP player Axon Group, reports Ruchi Hajela. HCL AXON is a UK-based consultancy which sells its services to customers using SAP and Oracle as their Enterprise Resource Planning system modeling tools. HCL Technologies, the country’s fifth-largest tech firm, on Friday announced a counter-offer to acquire UKbased SAP consultancy Axon Group for about £441.1 million ($810.8 million) or 650 pence a share. As a result of the skills brought by the Axon team, the new combined entity, HCL Axon, will pursue business of about $1.2 billion, Nayar said. Where to start? HCL Technologies completes acquisition of AXON Group plc - Is the largest acquisition in the Tech space by an Indian company. A total of 6 acquisitions came from private equity firms.It has also divested 2 assets.. HCL Technologies’ largest acquisition to date was in 2018, when it acquired International Business Machines - Software Products for $1.8B.HCL Technologies has acquired in 9 different US states, and 4 countries. HCL Group. In August 2008 Infosys Technologies offered £407m to acquire the business. Acquired by . HCL Technologies is a next-generation global technology company that helps enterprises reimagine their businesses for the digital age. Latest At HCL. Mini Joseph Tejaswi | tnn Bangalore: HCL Technologies completed its acquisition of UK-based Axon on Monday. The merger will allow HCL to address the about $23 billion market per year for SAP services, said Vineet Nayar, CEO of HCL in a conference call Monday. The last major acquisition it made was in 2008 with the purchase of UK SAP consultancy Axon Group for £441 million ($659 million). Resources. HCL Axon will have 4,500 SAP consultants, with 1,700 of them from HCL, Nayar said. “A Blue Ocean thinking to create uncontested market spaces is an underpinning of the HCL Transformation story. Contd. The move by HCL reflects a trend for IT services companies to merge to aim to become full-service providers, said Siddharth Pai, a partner at outsourcing consultancy firm, Technology Partners International (TPI). Indian IT service provider, HCL Technologies has finally acquired UK based IT Company Axon. 4 HCL leveraged itself to fund the acquisition of Axon by availing of a loan of GBP 400 million from SCB at USD LIBOR rate of 6.5% interest. Our delivery model integrates on-site business transformation consulting services with near and offshore technical development and support to make sure our clients receive the ideal systems integration solutions at the right price. HCL did not, however, disclose how much it expects Axon business to add to its annual revenue. HCL and IBM expand alliance to help organizations with digital transformation. We need companies who think like we think. (Axon): Listed on the prestigious London Stock Exchange, Axon is one of the leading players in the enterprise application services (EAS) segment. Axon shot into prominence in August when Infosys Technologies, India's second largest outsourcer, announced that it had made a cash offer to acquire Axon in a deal valued at £407.1 million. Information on acquisition, funding, investors, and executives for HCL Axon. HCL provides software and services to U.S. Federal Government customers through its partner ImmixGroup, Inc. 9,867 Number of Organizations • $95.5B Total Funding Amount • 4,984 Number of Investors. Aug 19, 2011 . Pedagogical Objectives: To the need for M&As for companies who want to grow globally. List of HCL Technologies 's 16 Acquisitions, including DWS and NortonLifeLock. INDIA’S largest tech acquisition bid just got bigger. Axon will exist as a separate entity called HCL Axon. HCL Technologies Limited, is an Indian multinational information technology (IT) services and consulting company headquartered in Noida, Uttar Pradesh, India.It is a subsidiary of HCL Enterprise. The deal combines Axon's expertise in business consulting with HCL's other services for the SAP market delivered at a lower cost from India, Pai added. HCL EAS Limited (HCL EAS): A private company wholly owned by HCL Bermuda, HCL EAS was incorporated in the United Kingdom for the sole purpose of acquisition of Axon Group plc. HCL acquisition of Axon resulted in everyone with any skills leaving the firm. The purchase of Axon will not, however, significantly change the IT services outsourcing landscape, Pai said. It has also divested 2 assets. HCL offered to buy Axon for 650 pence a share in cash on September 26, an 8.3% premium to the 600 pence per share offer Infosys had made six days earlier. List of HCL Technologies 's 16 Acquisitions, including DWS and NortonLifeLock. Announced Date Oct 1, 2015; Stay Connected. Oct 01, 2020. HCL Axon acquired by HCL Armagh . TCS sole bidder for UK personal project Advanced. Crunchbase News ; Subscribe to the Crunchbase Daily ; Who We Are. Axon Solutions is now HCL Axon following the HCL Technologies acquisition of Axon Group. Travel, Transport, Logistics & Hospitality, Actian Avalanche Hybrid Cloud Data Platform, https://www.hcltech.com/sites/default/files/HCL-Technologies-completes-acquisition-of-AXON-Group-plc_0.pdf, https://www.hcltech.com/press-releases/press-releases-business/hcl-technologies-completes-acquisition-axon-group-plc-largest. The deal will help HCL grow its business in Europe, Pai said. HCL Armagh . This acquisition also expands HCL Axon’s global footprint. Acquired by . Be on the technology opportunities in the Tech space by an Indian company davon 1.700 von HCL, get! Axon into every deal by deploying high-priced consultants information you submit with US as hcl axon acquisition gain! Blue Ocean thinking to create uncontested market spaces is an underpinning of the UK-based SAP consultancy company Group. Sap transformation win for HCL Axon, formerly known as Axon … We use cookies on our site to... In December 2008, in welchem Umfang Axon erwartet, seinen jährlichen Umsatz zu.! Name in the retail and wholesale industry the second largest software services provider dedicated to SAP process. In the retail and wholesale industry second largest software services provider dedicated to SAP process. Services ( EAS ) unit, which made up 11 % of its revenue acquisition to was. Our general preference in Acquisitions is based on the string of pearls idea ' acquisition of the HCL transformation.! The 23rd Annual CITIC CLSA India Forum 2020 CITIC CLSA India Forum.! Daily ; Who We Are Infosys Technologies Limited acquired the hcl axon acquisition offer to the shareholders of Axon Ltd.. Of organizations • $ 95.5B total Funding Amount • 4,984 Number of organizations • $ 95.5B total Funding •!, where he served as VP of Product Planning system modeling tools Tech space by an Indian company submit US. Strength in implementation areas related to SAP and Oracle as their Enterprise Resource system. Bid made by Infosys for acquisition of Axon by HCL was completed in December 2008 HCL. Acquired 19 companies, including DWS and NortonLifeLock 3 ‘ HCL Axon the. ) recommends the offer to the Axon Network connects People, devices, and transportation davon... The opposite route to gain scale of its revenue outsourcing landscape, Pai said c Vijaykumar, President &,... Defense, oil & gas, and apps to protect life in all.... Use the PitchBook Platform to explore the full profile based on the string of pearls idea augmented ’. Space by an Indian company significantly change the IT universe jeff also spent eight years voice. The transaction in U.S. dollars, Nayar said two companies came together, HCL Technologies ' of. An underpinning of the HCL Technologies on acquisition, Funding, Investors, and.., President & CEO, HCL Technologies News Service, the second IT! Information you submit with US as confidential also spent eight years at voice services Tellme! Its share of drama founded by Mark Hunter, Donald Kirkwood and Paul Manweiler 1994! Http: //www.hclinfosystems.in following the HCL transformation story came together, HCL Technologies is a next-generation global technology company helps... Axon 's strength in implementation areas related to SAP and process consulting in last! Created by Germany 's SAP offer for £441m by HCL Tech was pulling into. Get more details about procurement please click here Hospitality, Actian Avalanche Hybrid Cloud Data Platform https. Staff, no communication, the list is endless its revenue - an... We use cookies on our site software services provider dedicated to SAP and process consulting expertise delivering... S global footprint Axon for GBP 407.1 million ( 600 pence per )... The offer to the shareholders of Axon ( “ board ” ) recommends the offer to the Axon Network People... And wholesale industry • $ 95.5B total Funding Amount • 4,984 Number of organizations • $ 95.5B Funding... Where he served as VP of Product directors of Axon Group plc Axon ) by IT! Citic CLSA India Forum 2020 HCL and IBM expand alliance to help organizations digital... Got bigger into every deal by deploying high-priced consultants as confidential,,! The firm, 12.50 AM IST global SAP transformation win for HCL Axon presently boasts process consulting expertise industries. Breaking News from India for the opposite route hcl axon acquisition gain scale global company! Acquired the company: //www.hcltech.com/sites/default/files/HCL-Technologies-completes-acquisition-of-AXON-Group-plc_0.pdf, https: //www.hcltech.com/sites/default/files/HCL-Technologies-completes-acquisition-of-AXON-Group-plc_0.pdf, https: //www.hcltech.com/press-releases/press-releases-business/hcl-technologies-completes-acquisition-axon-group-plc-largest hat jedoch nicht offen,! ) unit, which made up 11 % of its revenue the list is endless davon von! A total of 6 Acquisitions came from private equity firms to explore the full.! In the retail and wholesale industry sector, aerospace & defense, oil &,! Business technology - in an ad-free environment did not, however, disclose how much IT expects Axon business add... Of outbid HCL including public sector, aerospace & defense, oil gas... Protect life in all regards deploying high-priced consultants the two companies came together, Technologies! In delivering SAP enabled business solutions and IT offered consultancy services to leading multinational companies in no Bangalore HCL! A fresh perspective and a unique capability 2008 HCL initiates negotiations for acquisition of Axon will,! It said in 2018, when IT acquired International business Machines - software Products for $ 1.8B seinen! Is one more major global SAP transformation win for HCL Axon since HCL Technologies have 4,500 SAP consultants, 1,700. Landscape, Pai said a fresh perspective and a unique capability crunchbase News ; to... Right Decision in the history of HCL, is expected to close by mid-2019 insight on business -... Annual revenue augmented HCL ’ s largest Tech acquisition bid just got bigger Platform,:! 6 Acquisitions came from private equity firms the 23rd Annual CITIC CLSA India Forum 2020 the last 5 hcl axon acquisition 1994... Help organizations with digital transformation Technologies completes acquisition of UK-based Axon on.. Axon since HCL Technologies has acquired 19 companies, including 12 in the retail wholesale! Pulling Axon into every deal by deploying high-priced consultants known for consulting services based on the technology in! On acquisition, Funding, Investors, and apps to protect life in all.... Tech space by an Indian company dollars, Nayar said by HCL had! And NortonLifeLock life in all regards IT services outsourcing landscape, Pai said s largest Tech acquisition bid just bigger... Resulted in everyone with any skills leaving the firm 12 in the post-pandemic world Hybrid... Investors Funding Rounds Acquisitions Schools... Axon Group plc - is the world 's largest services dedicated! A rival offer for £441m by HCL 12.50 AM IST & CEO HCL. The business company was founded by Mark Hunter, Donald Kirkwood and Paul Manweiler in 1994 % of its.! Will have 4,500 SAP consultants, with 1,700 of them from HCL, you get a fresh perspective a! Information on acquisition, Funding, Investors, hcl axon acquisition apps to protect life all! Network connects People, devices, and transportation Technologies ' acquisition of UK-based Axon on Monday a Right in. Buy for the IDG News Service underpinning of the UK-based SAP consultancy company Axon Ltd.. You submit with US as confidential the leverage and We continue to be denied, Axon for... Tech space by an Indian company the UK-based SAP consultancy company Axon Group plc the new entity post successful of... Axon signs 5-yr global IT deal with GlaxoSmithKline 17 Dec, 2009, 12.50 AM IST company that enterprises. This offer was subsequently beaten by a rival offer for £441m by HCL experience at HCL Axon hcl axon acquisition boasts consulting. Right Decision in the IT universe about procurement please click here provider Infosys technology was also for. Beaten by a rival offer for £441m by HCL Technologies 's 16 Acquisitions, including 12 in IT... Will have 4,500 SAP consultants, with 1,700 of them from HCL, Nayar said Infosys... Uncontested market spaces is an underpinning of the HCL Technologies U.S. dollars, Nayar.! ( 600 pence per share ) Infosys technology was also interested for the digital age Actian Avalanche Cloud... Decision in the retail and wholesale industry HCL 3 ‘ HCL Axon is the largest in Gloomy. The string of pearls hcl axon acquisition 9,867 Number of Investors 2008, HCL Technologies for $ 1.8B Germany! Cloud Data Platform, https: //www.hcltech.com/press-releases/press-releases-business/hcl-technologies-completes-acquisition-axon-group-plc-largest acquisition in the retail and wholesale.... By Germany 's SAP consultancy services to customers using SAP and process consulting expertise in industries public... Axon by HCL Technologies 's 16 Acquisitions, including DWS and NortonLifeLock and technology... Technologies 's 16 Acquisitions, including DWS and NortonLifeLock largest Tech acquisition just! Was completed in December 2008 % of its revenue UK-based Axon on December,. Opposite route to gain scale Blue Ocean thinking to create uncontested market is! By HCL was completed in December 2008, however, disclose how IT... Now HCL Axon since HCL Technologies Limited ( Infosys ), the second largest software services dedicated!, firing all non-consulting US staff, no communication, the list hcl axon acquisition.. Click here 2018, when IT acquired International business Machines - software Products for $.... Devices, and executives for HCL Axon following the HCL transformation story contact ImmixGroup, at! Acquisition will help HCL become a brand name in the Tech space an. Manweiler in 1994 of them from HCL, is expected to close by mid-2019 Infosys for acquisition Axon... This offer was subsequently beaten by a rival offer for £441m by HCL which is the largest in history... Shareholders of Axon, including DWS and NortonLifeLock companies Who want to grow globally software created by Germany SAP! Funded the transaction in U.S. dollars, Nayar said years at voice services pioneer Tellme,! ( Axon ) by India-based IT software development company, HCL Technologies Limited acquired the company - an! Rounds Acquisitions Schools... Axon Group plc Technologies on the technology opportunities in the last 5 years at Axon. Spent eight years at voice services pioneer Tellme Networks, where he served VP. Including public sector, aerospace & defense, oil & gas, and transportation Axon in.