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HCLTech , a global technology company , announced it will extend its leadership in the telecom services market with Hewlett Packard Enterprise , carving out certain Communications Technology Group , CTG assets to HCLTech . Through this arrangement , HCLTech will acquire industry-intellectual property , engineering and R & D talent and client relationships with top global Communication Service Providers , CSPs .
HCLTech will gain a portfolio of service offerings that includes industry-IP , solutions and systems integration around Business Support Systems , BSS , network applications , service cloudification and data intelligence .
These capabilities will also complement HCLTech ’ s existing highly digitised services with artificial intelligence , AI , Internet of Things , IoT , and data-driven models ; enhanced efficiency ; frictionless integration ; and an end-to-end partner ecosystem .
HPE will retain the part of its former CTG business focused on Operations Support Systems , OSS . The Telco Solutions group , which sits within HPE Aruba Networking , is a provider in OSS , orchestration and assurance , as well as public 5G SDM and private 5G networking , and will continue to deliver value for HPE ’ s telco customers and partners .
As part of this agreement , approximately 1,500 employees of CTG with telecom industry experience will transfer to HCLTech in various countries , including Spain , Italy , India , Japan and China , to service clients globally .
C Vijayakumar , CEO and Managing Director , HCLTech
HCLTech is a global technology company , home to more than 227,000 people across 60 countries , delivering industry-capabilities centred around digital , engineering , cloud and AI , powered by a broad portfolio of technology services and products .
“ With this transaction and our planned strategic partnership with HPE , we are strengthening our telecom practice to address the rapidly expanding and transforming global telecom market ,” said C Vijayakumar , CEO and Managing Director of HCLTech .
“ With the incoming top engineering talent and industry-IP from the CTG group of HPE , we are adding significant capabilities and direct relationships with global CSPs that include 20 of the Top 30 , accelerating our growth strategy in the global telecom industry . As we chart our course forward , we envision an even larger strategic partnership with HPE , paving the way for strong growth through innovation , joint integrated propositions and transformation services .”
“ At HPE , we continually refine and innovate our portfolio to meet the dynamic needs of our customers . HPE is pleased to have identified HCLTech as the right partner to support the ongoing transformation of global telecom , media and tech companies ,” said Antonio Neri , President and Chief Executive Officer of Hewlett Packard Enterprise .
“ In joining HCLTech , our Communications Technology Group will become part of a strong partner that understands and appreciates the significant heritage of our CTG business , its strategy and its potential for the future .”
This transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in 6 to 9 months .
HCLTech is active in major verticals , providing industry solutions for Financial Services , Manufacturing , Life Sciences and Healthcare , Technology and Services , Telecom and Media , Retail and CPG and Public Services . Consolidated revenues as of 12 months ending March 2024 totalled $ 13.3 billion . •
HCLTECH PARTNERS WITH HPE TO MOVE ASSETS FROM ITS COMMUNICATIONS TECHNOLOGY GROUP
INTELLIGENT TECH CHANNELS 31