HCL Technologies merges with Cisco Systems for SON Technology and $50 Million | Business Upturn

HCL Technologies merges with Cisco Systems for SON Technology and $50 Million

HCL Technologies Limited is an Indian multinational information technology service and consulting company. In Noida, Uttar Pradesh are its headquarters. It is a subsidiary of HCL Enterprise. This Friday HCL Technologies issued an important statement regarding its latest merger. It is planning to acquire Cisco’s self-optimizing network (SON) technology. This will cost them around 50 Million US Dollars in cash. This acquisition will comprise of products and services built on Cisco’s SON technology. Apparently, this will help HCL meet the growing needs of its consumers. The move will also enhance HCL’s telecommunication offerings. SON has become a major component in the move towards 5G networks.

As part of the deal, some employees who work on Cisco’s SON technology will move from Cisco to HCL. “HCL’s decision to make this acquisition comes in line with our Mode 3 strategy. We expand our footprint in this space and support the mobility needs of our customers. In the telecommunications offerings the SON products and services will be included. This will gain further importance with 5G networks.” Stated Sukamal Banerjee, corporate vice-president, HCL Technologies. He also added “We are proud to lead the next phase of the Cisco SON business journey, especially regarding 5G. We look forward to supporting new and existing customers with continued innovation,”