HCLTech, a global technology leader, has recently informed exchanges that the company finalized its acquisition of certain assets from Hewlett Packard Enterprise’s (HPE) Communications Technology Group (CTG). This move, initially announced in May 2024, reinforces HCLTech’s position in the telecom services market.
Strategic Benefits of the Acquisition:
- Global Expansion: Strengthened presence in North America, LATAM, Europe, and Asia-Pacific, including Japan.
- Top CSP Partnerships: Direct relationships with 20 of the top 30 global Communication Service Providers (CSPs).
- Enhanced Offerings: Advanced portfolio in Business Support Systems (BSS), network applications, service cloudification, and data intelligence.
- Talent Integration: Over 1,500 engineering specialists onboarded from CTG to drive innovation and agile delivery.
This acquisition boosts HCLTech’s engineering and R&D capabilities, accelerating growth in the telecom sector while cementing its partnership with HPE.
