HCL Technologies and SEP to buy Actian Corporation – Feedback

In one of the biggest acquisitions, the country’s fourth-largest software exporter HCL Technologies and Sumeru Equity Partners (SEP), a private equity firm, have signed a definitive agreement to acquire US company Actian Corporation in an all-cash deal, valued at $330 million.

This the sixth company HCL has acquired in the USA. HCL will own 80 per cent stake in the joint venture that has been formed, with SEP holding 19.5 per cent and Rohit De Souza (Actian Corporation CEO) owning 0.5 per cent, HCL said in a regulatory filing on Thursday. “Actian will play a critical role in enhancing HCL’s Mode-3 offerings in data management products and platforms.

http://www.business-standard.com/article/companies/hcl-technologies-sep-to-buy-actian-corporation-for-330-million-118041300031_1.html

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