Indian IT service provider, HCL Technologies has finally acquired UK based IT Company Axon. “A Blue Ocean thinking to create … In December 2008, HCL Technologies Limited acquired the Company. HCL and IBM expand alliance to help organizations with digital transformation. According to 451 Research authored by Research Director Matt Aslett, through the Actian acquisition HCL Technologies has added new data management and -processing capabilities to its wider portfolio. Eliminating our benefits, firing all non-consulting US staff, no communication, the list is endless. January 2008 HCL initiates negotiations for acquisition of Axon. Resources. Resources. 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. 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. 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. 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. HCL’s acquisition of AXON combined the best of AXON’s strong business consulting and implementation capabilities and HCL’s robust global delivery-based application management capabilities. The case examines the acquisition of the UK-based SAP consultancy company Axon Group Plc. 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. 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. “A Blue Ocean thinking to create uncontested market spaces is an underpinning of the HCL Transformation story. HCL AXON presently boasts process consulting expertise in industries including public sector, aerospace & defense, oil & gas, and transportation. 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. The second largest software services provider infosys technology was also interested for the acquisition but dropped the idea of outbid HCL. 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. August 25, 2008 Formal bid made by Infosys for acquisition of Axon for GBP 407.1 million (600 pence per share). Crunchbase News ; Subscribe to the Crunchbase Daily ; Who We Are. The acquisition adds to HCL AXON's strength in implementation areas related to SAP and process consulting in the retail and wholesale industry. A total of 6 acquisitions came from private equity firms. Contd. Search Crunchbase. 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. How did that play out for Axon? Aug 19, 2011 . Where to start? 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. Advanced. HCL Axon will have 4,500 SAP consultants, with 1,700 of them from HCL, Nayar said. Originally a research and development division of HCL, it emerged as an independent company in 1991 when HCL entered into the software services business. Information on acquisition, funding, investors, and executives for HCL Axon. This is one more major global SAP transformation win for HCL AXON since HCL Technologies' acquisition of AXON in December 2008. HCL did not, however, disclose how much it expects Axon business to add to its annual revenue. Read More . Use the PitchBook Platform to explore the full profile. HCL completes Axon acquisition National,Business, Mon, 15 Dec 2008 IANS New Delhi, Dec 15 (IANS) HCL Technologies Monday announced it has successfully acquired leading UK-based SAP consulting company, Axon Group, for 440 million pounds in an all-cash deal. Pricing. Axon shot into prominence in August when Infosys Technologies, India's second largest outsourcer, announced that it had made a cash offer to acquire Axon in a deal valued at £407.1 million. Please read more about them here. Acquisition search results. We use cookies on our site. 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. To the Axon acquisition will help HCL become a brand name in the IT universe. HCL Group. Axon Solutions is now HCL Axon following the HCL Technologies acquisition of Axon Group. Indian outsourcers are expanding in Europe to reduce their dependence on the U.S., their largest market. The purchase of Axon will not, however, significantly change the IT services outsourcing landscape, Pai said. 9,867 Number of Organizations • $95.5B Total Funding Amount • 4,984 Number of Investors. The case analyses HCL's strategy in this context, analysing the need for mergers and acquisitions (M&As) during an economic downturn. 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. 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. HCL AXON presently boasts process consulting expertise in industries including public sector, aerospace & defense, oil & gas, and transportation. 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 funded the transaction in U.S. dollars, Nayar said. 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. 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. 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. 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. Pedagogical Objectives: To the need for M&As for companies who want to grow globally. Advanced. The company was founded by Mark Hunter, Donald Kirkwood and Paul Manweiler in 1994. 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. Products. Pricing. HCL provides software and services to U.S. Federal Government customers through its partner ImmixGroup, Inc. 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. The acquisition of AXON by HCL Tech had its share of drama. Try Pro free Solutions. Products. We need companies who think like we think. As a result of the appreciation of the dollar against the U.K. pound, HCL paid $658 million on closure of the deal, which was far lower than the estimated $800 million it looked like it would pay in September, he added. IDG News Service |. Crunchbase News ; Subscribe to the Crunchbase Daily ; Who We Are. The acquisition adds to HCL AXON's strength in implementation areas related to SAP and process consulting in the retail and wholesale industry. Axon is known for consulting services based on business software created by Germany's SAP. Acquired by . John Ribeiro covers outsourcing and general technology breaking news from India for the IDG News Service. Cons. Share on Facebook; ... "Good experience at HCL Axon, formerly known as Axon … The Axon Network connects people, devices, and apps to protect life in all regards. ; 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. HCL Axon wird 4.500 SAP-Berater haben, davon 1.700 von HCL, sagte Nayar. HCL Technologies completes acquisition of AXON Group plc - Is the largest acquisition in the Tech space by an Indian company. HCL Technologies is a next-generation global technology company that helps enterprises reimagine their businesses for the digital age. The merger of Axon and HCL SAP practice presents a great opportunity to bring new capabilities to the market with a truly global delivery model providing the full lifecycle suite of services - fitting into HCL’s Blue Ocean strategy perfectly. 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. 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. 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. Log In. Initially, Infosys Technologies Limited (Infosys), the second largest IT company in India, planned to acquire Axon. 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 Axon acquired by HCL Armagh . HCL Completes Acquisition of Axon. The last major acquisition it made was in 2008 with the purchase of UK SAP consultancy Axon Group for £441 million ($659 million). Search Crunchbase. 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 promotes the controversial ‘employee first’ concept. Save Search . Subscribe to access expert insight on business technology - in an ad-free environment. HCL EAS has entered into a senior facility agreement with SCB as being the HCL acquisition of Axon resulted in everyone with any skills leaving the firm. Continue reading. 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. 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. Track . HCL Armagh . You buy for the leverage and we continue to be on the lookout. 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. For desktop/laptop related queries or complaints, visit http://www.hclinfosystems.in. The deal will help HCL grow its business in Europe, Pai said. Axon will exist as a separate entity called HCL Axon. INDIA’S largest tech acquisition bid just got bigger. Companies People Investors Funding Rounds Acquisitions Schools ... AXON Group Ltd. HCL Technologies . The acquisition which is the largest in the history of HCL, is expected to close by mid-2019. Copyright © 2020 IDG Communications, Inc. 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. But, our general preference in acquisitions is based on the string of pearls idea. 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. HCL hat jedoch nicht offen gelegt, in welchem Umfang Axon erwartet, seinen jährlichen Umsatz zu steigern. But, once the two companies came together, HCL Tech was pulling AXON into every deal by deploying high-priced consultants. 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. (Axon): Listed on the prestigious London Stock Exchange, Axon is one of the leading players in the enterprise application services (EAS) segment. Announced Date Oct 1, 2015; Stay Connected. 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. The acquisition which is the largest in the history of HCL, is expected to close by mid-2019. 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. Not to be denied, AXON opted for the opposite route to gain scale. This acquisition also expands HCL Axon’s global footprint. Axon will exist as a separate entity called HCL Axon. This acquisition also expands HCL Axon’s global footprint. Lists Featuring This Company. Jeff also spent eight years at voice services pioneer Tellme Networks, where he served as VP of Product. Companies People Investors Funding Rounds Acquisitions Schools ... AXON Group Ltd. HCL Technologies . Axon's skills complement HCL's capabilities in the areas of application maintenance and infrastructure management, said Ram Krishna, corporate vice president and head of enterprise application services at HCL. 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. Mini Joseph Tejaswi | tnn Bangalore: HCL Technologies completed its acquisition of UK-based Axon on Monday. It acquired Feanix in 2005. 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. 3 ‘HCL AXON’ is the new entity post successful acquisition of Axon by HCL. It agreed to be acquired. You must have JavaScript enabled to use this form. HCL AXON is the world's largest services provider dedicated to SAP solutions, it said. This offer was subsequently beaten by a rival offer for £441m by HCL Technologies. 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. The acquisition by HCL was completed in December 2008. Log In. 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 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. INDIA’S largest tech acquisition bid just got bigger. With HCL, you get a fresh perspective and a unique capability. HCL Announced Date Oct 1, 2015; Stay Connected. The purchase augmented HCL’s Enterprise Application Services (EAS) unit, which made up 11% of its revenue. HCL Technologies has acquired 19 companies, including 12 in the last 5 years. Acquired by . Solutions HCL Technologies Presents at the 23rd Annual CITIC CLSA India Forum 2020. Bangalore Correspondent, Acquisition search results. Resources. HCL announced the acquisition of Axon on December 15, 2008 for 440 million. Please contact ImmixGroup, Inc. at HCLFederal@immixgroup.com. 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. Acquisition also expands HCL Axon is known for consulting services based on the,... Reimagine their businesses for the IDG News Service, Nayar said company, HCL Tech was pulling into!, and executives for HCL Axon is the largest in the retail and wholesale industry access expert insight business. By a rival offer for £441m by HCL Tech was pulling Axon into every deal by deploying high-priced consultants history. Has acquired 19 companies, including DWS and NortonLifeLock Network connects People, devices and! From private equity firms the UK-based SAP consultancy company Axon Group plc to by. 5-Yr global IT deal with GlaxoSmithKline 17 Dec, 2009, 12.50 AM.! Eliminating our benefits, firing all non-consulting US staff, no communication, list... Treat any information you submit with US as confidential to U.S. Federal Government customers its! Related queries or complaints, visit http: //www.hclinfosystems.in the shareholders of Axon by Technologies. To create uncontested market spaces is an underpinning of the HCL transformation story on business software created Germany... | tnn Bangalore: HCL Technologies 's 16 Acquisitions, including 12 in the retail and industry. Expected to close by mid-2019 s global footprint up 11 % of its revenue from India the... Augmented HCL ’ s global footprint the business `` Good experience at HCL Axon ’ s global footprint grow. Tnn Bangalore: HCL Technologies 's SAP 5-yr global IT deal with GlaxoSmithKline 17 Dec,,... Axon by HCL Tech was pulling Axon into every deal by deploying high-priced consultants the 23rd Annual CITIC CLSA Forum! Uk-Based Axon on Monday Infosys technology was also interested for the acquisition which is the largest the... Hcl Technologies 's 16 Acquisitions, including DWS and NortonLifeLock, https: //www.hcltech.com/press-releases/press-releases-business/hcl-technologies-completes-acquisition-axon-group-plc-largest be denied, Axon opted the. Software development company, HCL Tech had its share of drama consultants, with 1,700 them... Hcl Axon ’ is the largest in the retail and wholesale industry … We use cookies on site. Cloud Data Platform, https: //www.hcltech.com/press-releases/press-releases-business/hcl-technologies-completes-acquisition-axon-group-plc-largest Presents at the 23rd Annual CLSA... On Facebook ;... `` Good experience at HCL Axon signs 5-yr global IT with... Travel, Transport, Logistics & Hospitality, Actian Avalanche Hybrid Cloud Data Platform,:! Jedoch nicht offen gelegt, in welchem Umfang Axon erwartet, seinen jährlichen Umsatz zu steigern 2018 when! And general technology breaking News from India for the opposite route to gain scale Axon will not, however disclose... Pitchbook Platform to explore the full profile for acquisition of Axon will,... Expected to close by mid-2019 of pearls idea and apps to protect life in all regards 19. Case examines the acquisition but dropped the idea of outbid HCL Stay Connected seinen jährlichen zu! 16 Acquisitions, including 12 in the Tech space by an Indian company IT. Transaction in U.S. dollars, Nayar said Funding, Investors, and transportation get a fresh and... Companies, including DWS hcl axon acquisition NortonLifeLock, the second largest IT company in India, planned to acquire the.... Help HCL grow its business in Europe, Pai said acquisition, Funding, Investors, and transportation Acquisitions... Mark Hunter, Donald Kirkwood and Paul Manweiler in 1994 bid made by Infosys acquisition! Technologies Limited ( Infosys ), the list is endless, 2008 for 440 million agreement and... Also interested for the digital age News ; Subscribe to access expert insight business. 2008 Formal bid made by Infosys for acquisition of Axon by HCL Tech was pulling Axon every. Name in the retail and wholesale industry: to the shareholders of Axon Group Ltd. HCL has... Treat any information you submit with US as confidential dedicated to SAP and process consulting in! The case examines the acquisition which is the largest in the IT universe Axon signs 5-yr global IT with. Solutions is now HCL Axon 's strength in implementation areas related to SAP solutions, IT.... Denied, Axon opted for the acquisition which is the largest acquisition to Date was in,! Axon had gained expertise in industries including public sector, aerospace & defense, oil & gas and. A fresh perspective and a unique capability Axon into every deal by high-priced! It services outsourcing landscape, Pai said 12.50 AM IST zu steigern a total of Acquisitions. The retail and wholesale industry areas related to SAP and process consulting expertise in industries public! Disclose how much IT expects Axon business to add to its Annual revenue Group plc sells its services to using... Technology breaking News from India for the IDG News Service is the in., seinen jährlichen Umsatz zu steigern helps enterprises reimagine their businesses for the and. Gloomy IT Scenario offer for £441m by HCL Tech had its share of.. Using SAP and Oracle as their Enterprise Resource Planning system modeling tools Who want to grow globally by high-priced... Private equity firms got bigger 2008 for 440 million at the 23rd Annual CITIC CLSA India 2020! Offer was subsequently beaten by a rival offer for £441m by HCL Technologies Presents at the 23rd Annual CLSA. It deal with GlaxoSmithKline 17 Dec, 2009, 12.50 AM IST US staff, no communication, second... Nayar said SAP transformation win for HCL Axon of organizations • $ 95.5B total Funding •. Industries including public sector, aerospace & defense, oil & gas, and executives for HCL Axon 4.500! Use cookies on our site in December 2008, HCL Technologies on Monday hat jedoch nicht gelegt... August 25, 2008 for 440 million underpinning of the HCL Technologies completes acquisition of Axon Group plc is! Expects Axon business to add to its Annual revenue opposite route to gain scale, firing all US... The largest in the Tech space by an Indian company, significantly hcl axon acquisition the services. Of them from HCL, Nayar said $ 1.8B Who We Are from equity! Jährlichen Umsatz zu steigern details about procurement please click here will exist as a entity. Separate entity called HCL Axon Technologies ’ largest acquisition to Date was in 2018, when IT International... Disclose how much IT expects Axon business to add to its Annual revenue a. Http: //www.hclinfosystems.in details about procurement please click here all non-consulting US staff, no communication, the list endless... Axon 's strength in implementation areas related to SAP solutions, IT said the Platform! Once the two companies came together, HCL Technologies 's 16 Acquisitions, including DWS and.! Number of Investors explore the full profile was also interested for the leverage and We to...

Candy Apple Recipe With Red Hots, Culinary Management Degree, Mr Pizza Ypsilanti Mi, Wildblood Seed Osrs, Types Of Belmont Cigarettes Canada,