To the Axon acquisition will help HCL become a brand name in the IT universe. Axon will exist as a separate entity called HCL Axon. HCL Technologies completes acquisition of AXON Group plc - Is the largest acquisition in the Tech space by an Indian company. 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. HCL Axon acquired by HCL Armagh . 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 announced the acquisition of Axon on December 15, 2008 for 440 million. C Vijaykumar, President & CEO, HCL Technologies on the technology opportunities in the post-pandemic world. 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 and IBM expand alliance to help organizations with digital transformation. We need companies who think like we think. Aug 19, 2011 . But, once the two companies came together, HCL Tech was pulling AXON into every deal by deploying high-priced consultants. The acquisition makes HCL's SAP … 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. Use the PitchBook Platform to explore the full profile. Eliminating our benefits, firing all non-consulting US staff, no communication, the list is endless. The purchase of Axon will not, however, significantly change the IT services outsourcing landscape, Pai said. It has also divested 2 assets. 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 … Cons. 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 hat jedoch nicht offen gelegt, in welchem Umfang Axon erwartet, seinen jährlichen Umsatz zu steigern. Acquired by . This offer was subsequently beaten by a rival offer for £441m by HCL Technologies. It agreed to be acquired. Oct 01, 2020. Axon Group plc. Bangalore Correspondent, 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. (Axon): Listed on the prestigious London Stock Exchange, Axon is one of the leading players in the enterprise application services (EAS) segment. Acquisition search results. The purchase augmented HCL’s Enterprise Application Services (EAS) unit, which made up 11% of its revenue. Subscribe to access expert insight on business technology - in an ad-free environment. HCL AXON signs 5-yr global IT deal with GlaxoSmithKline 17 Dec, 2009, 12.50 AM IST. INDIA’S largest tech acquisition bid just got bigger. Please read more about them here. Companies People Investors Funding Rounds Acquisitions Schools ... AXON Group Ltd. HCL Technologies . Save Search . Mini Joseph Tejaswi | tnn Bangalore: HCL Technologies completed its acquisition of UK-based Axon on Monday. 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. Advanced. 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. Indian IT service provider, HCL Technologies has finally acquired UK based IT Company Axon. Originally a research and development division of HCL, it emerged as an independent company in 1991 when HCL entered into the software services business. Axon Solutions is now HCL Axon following the HCL Technologies acquisition of Axon Group. Solutions 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. We use cookies on our site. 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. The deal will help HCL grow its business in Europe, Pai said. 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. Axon is known for consulting services based on business software created by Germany's SAP. HCL funded the transaction in U.S. dollars, Nayar said. HCL Technologies Presents at the 23rd Annual CITIC CLSA India Forum 2020. Try Pro free Solutions. HCL Axon will have 4,500 SAP consultants, with 1,700 of them from HCL, Nayar said. 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. 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. August 25, 2008 Formal bid made by Infosys for acquisition of Axon for GBP 407.1 million (600 pence per share). 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. Resources. How did that play out for Axon? 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. The company was founded by Mark Hunter, Donald Kirkwood and Paul Manweiler in 1994. 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. Pricing. HCL Axon will have 4,500 SAP consultants, with 1,700 of them from HCL, Nayar said. 9,867 Number of Organizations • $95.5B Total Funding Amount • 4,984 Number of Investors. 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. 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. Jeff also spent eight years at voice services pioneer Tellme Networks, where he served as VP of Product. 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). Crunchbase News ; Subscribe to the Crunchbase Daily ; Who We Are. John Ribeiro covers outsourcing and general technology breaking news from India for the IDG News Service. HCL Armagh . To get more details about procurement please click here. 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. 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. 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 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. Implementation agreement concluded and board of directors of Axon (“Board”) recommends the offer to the shareholders of Axon. INDIA’S largest tech acquisition bid just got bigger. The acquisition which is the largest in the history of HCL, is expected to close by mid-2019. 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 Axon wird 4.500 SAP-Berater haben, davon 1.700 von HCL, sagte Nayar. The acquisition adds to HCL AXON's strength in implementation areas related to SAP and process consulting in the retail and wholesale industry. Track . HCL promotes the controversial ‘employee first’ concept. 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. 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. The last major acquisition it made was in 2008 with the purchase of UK SAP consultancy Axon Group for £441 million ($659 million). 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. For desktop/laptop related queries or complaints, visit http://www.hclinfosystems.in. 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. Save Search . 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. HCL You buy for the leverage and we continue to be on the lookout. HCL Technologies has acquired 19 companies, including 12 in the last 5 years. Resources. The case analyses HCL's strategy in this context, analysing the need for mergers and acquisitions (M&As) during an economic downturn. 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. Axon had gained expertise in delivering SAP enabled business solutions and it offered consultancy services to leading multinational companies in no. 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. 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. You must have JavaScript enabled to use this form. January 2008 HCL initiates negotiations for acquisition of Axon. 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. In August 2008 Infosys Technologies offered £407m to acquire the business. Resources. 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. But, our general preference in acquisitions is based on the string of pearls idea. Products. 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. 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. This acquisition also expands HCL Axon’s global footprint. 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. Where to start? HCL Axon acquired by HCL Armagh . 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. The acquisition which is the largest in the history of HCL, is expected to close by mid-2019. The acquisition of AXON by HCL Tech had its share of drama. Read More . 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. 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. 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. ; 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. “A Blue Ocean thinking to create uncontested market spaces is an underpinning of the HCL Transformation story. 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. List of HCL Technologies 's 16 Acquisitions, including DWS and NortonLifeLock. Originally a research and development division of HCL, it emerged as an independent company in 1991 when HCL entered into the software services business. 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. HCL EAS has entered into a senior facility agreement with SCB as being the Contd. Resources. IDG News Service |. 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. 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. Not to be denied, AXON opted for the opposite route to gain scale. Pedagogical Objectives: To the need for M&As for companies who want to grow globally. The second largest software services provider infosys technology was also interested for the acquisition but dropped the idea of outbid HCL. The acquisition adds to HCL AXON's strength in implementation areas related to SAP and process consulting in the retail and wholesale industry. With HCL, you get a fresh perspective and a unique capability. 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. Axon was a transformative acquisition for HCL. A total of 6 acquisitions came from private equity firms. India ’ s largest Tech acquisition bid just got bigger Logistics & Hospitality Actian... Formerly known as Axon … We use cookies on our site covers outsourcing and technology... Axon wird 4.500 SAP-Berater haben, davon 1.700 von HCL, is expected to close by mid-2019 universe. 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