Read More . Copyright © 2008 IDG Communications, Inc. HCL acquisition of Axon resulted in everyone with any skills leaving the firm. Crunchbase News ; Subscribe to the Crunchbase Daily ; Who We Are. 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. We will treat any information you submit with us as confidential. 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. C Vijaykumar, President & CEO, HCL Technologies on the technology opportunities in the post-pandemic world. Not to be denied, AXON opted for the opposite route to gain scale. 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. 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 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. The acquisition makes HCL's SAP … We use cookies on our site. In August 2008 Infosys Technologies offered £407m to acquire the business. Try Pro free Solutions. 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. You buy for the leverage and we continue to be on the lookout. 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. Use the PitchBook Platform to explore the full profile. Please contact ImmixGroup, Inc. at HCLFederal@immixgroup.com. Log In. Indian outsourcers are expanding in Europe to reduce their dependence on the U.S., their largest market. 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. HCL Axon will have 4,500 SAP consultants, with 1,700 of them from HCL, Nayar said. The acquisition which is the largest in the history of HCL, is expected to close by mid-2019. Eliminating our benefits, firing all non-consulting US staff, no communication, the list is endless. 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. Products. Search Crunchbase. HCL Armagh . 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. Share on Facebook; ... "Good experience at HCL Axon, formerly known as Axon … TCS sole bidder for UK personal project 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 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. (Axon) by India-based IT software development company, HCL Technologies Limited (HCL). Axon Solutions is now HCL Axon following the HCL Technologies acquisition of Axon Group. John Ribeiro covers outsourcing and general technology breaking news from India for the IDG News Service. HCL Axon wird 4.500 SAP-Berater haben, davon 1.700 von HCL, sagte Nayar. It acquired Feanix in 2005. HCL provides software and services to U.S. Federal Government customers through its partner ImmixGroup, Inc. HCL Axon acquired by HCL Armagh . Pricing. 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. Axon was a transformative acquisition for HCL. This acquisition also expands HCL Axon’s global footprint. 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. Originally a research and development division of HCL, it emerged as an independent company in 1991 when HCL entered into the software services business. 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. 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. It has also divested 2 assets. Copyright © 2020 IDG Communications, Inc. 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. Indian IT service provider, HCL Technologies has finally acquired UK based IT Company Axon. List of HCL Technologies 's 16 Acquisitions, including DWS and NortonLifeLock. To get more details about procurement please click here. Save Search . Subscribe to access expert insight on business technology - in an ad-free environment. Cons. HCL Axon acquired by HCL Armagh . 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. 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. The purchase augmented HCL’s Enterprise Application Services (EAS) unit, which made up 11% of its revenue. Resources. 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. “A Blue Ocean thinking to create uncontested market spaces is an underpinning of the HCL Transformation story. Axon had gained expertise in delivering SAP enabled business solutions and it offered consultancy services to leading multinational companies in no. INDIA’S largest tech acquisition bid just got bigger. HCL funded the transaction in U.S. dollars, Nayar said. 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. Try Pro free Solutions. The acquisition of AXON by HCL Tech had its share of drama. Axon is known for consulting services based on business software created by Germany's SAP. Aug 19, 2011 . 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. This is one more major global SAP transformation win for HCL AXON since HCL Technologies' acquisition of AXON in December 2008. 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 … This acquisition also expands HCL Axon’s global footprint. January 2008 HCL initiates negotiations for acquisition of Axon. Please read more about them here. 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. 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. Resources. August 25, 2008 Formal bid made by Infosys for acquisition of Axon for GBP 407.1 million (600 pence per share). 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. Announced Date Oct 1, 2015; Stay Connected. IDG News Service |. HCL AXON is the world's largest services provider dedicated to SAP solutions, it said. 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. HCL Armagh . 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. 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. You must have JavaScript enabled to use this form. Track . Announced Date Oct 1, 2015; Stay Connected. 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. “A Blue Ocean thinking to create … ; 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. But, once the two companies came together, HCL Tech was pulling AXON into every deal by deploying high-priced consultants. The last major acquisition it made was in 2008 with the purchase of UK SAP consultancy Axon Group for £441 million ($659 million). The second largest software services provider infosys technology was also interested for the acquisition but dropped the idea of outbid HCL. Axon will exist as a separate entity called HCL Axon. HCL promotes the controversial ‘employee first’ concept. 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 … Resources. HCL AXON signs 5-yr global IT deal with GlaxoSmithKline 17 Dec, 2009, 12.50 AM IST. Advanced. 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. The purchase of Axon will not, however, significantly change the IT services outsourcing landscape, Pai said. In December 2008, HCL Technologies Limited acquired the Company. 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. Aug 19, 2011 . Pedagogical Objectives: To the need for M&As for companies who want to grow globally. 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 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. HCL Technologies has acquired 19 companies, including 12 in the last 5 years. 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. Oct 01, 2020. Companies People Investors Funding Rounds Acquisitions Schools ... AXON Group Ltd. HCL Technologies . Mini Joseph Tejaswi | tnn Bangalore: HCL Technologies completed its acquisition of UK-based Axon on Monday. The acquisition by HCL was completed in December 2008. Products. 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. Save Search . The Axon Network connects people, devices, and apps to protect life in all regards. Axon Group plc. INDIA’S largest tech acquisition bid just got bigger. Jeff also spent eight years at voice services pioneer Tellme Networks, where he served as VP of Product. Axon will exist as a separate entity called HCL Axon. This offer was subsequently beaten by a rival offer for £441m by HCL Technologies. 9,867 Number of Organizations • $95.5B Total Funding Amount • 4,984 Number of Investors. HCL Axon will have 4,500 SAP consultants, with 1,700 of them from HCL, Nayar said. A total of 6 acquisitions came from private equity firms. 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 … Where to start? 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. (Axon): Listed on the prestigious London Stock Exchange, Axon is one of the leading players in the enterprise application services (EAS) segment. Continue reading. We need companies who think like we think. Search Crunchbase. Pricing. of countries. HCL Technologies completes acquisition of AXON Group plc - Is the largest acquisition in the Tech space by an Indian company. HCL and IBM expand alliance to help organizations with digital transformation. HCL Technologies is a next-generation global technology company that helps enterprises reimagine their businesses for the digital age. HCL 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. 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. 3 ‘HCL AXON’ is the new entity post successful acquisition of Axon by HCL. The company was founded by Mark Hunter, Donald Kirkwood and Paul Manweiler in 1994. HCL AXON presently boasts process consulting expertise in industries including public sector, aerospace & defense, oil & gas, and transportation. HCL announced the acquisition of Axon on December 15, 2008 for 440 million. 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. 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. Resources. 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. The acquisition adds to HCL AXON's strength in implementation areas related to SAP and process consulting in the retail and wholesale industry. The case examines the acquisition of the UK-based SAP consultancy company Axon Group Plc. Solutions The deal will help HCL grow its business in Europe, Pai said. HCL Technologies Presents at the 23rd Annual CITIC CLSA India Forum 2020. HCL did not, however, disclose how much it expects Axon business to add to its annual revenue. Log In. How did that play out for Axon? HCL EAS has entered into a senior facility agreement with SCB as being the 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). 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. 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. The acquisition adds to HCL AXON's strength in implementation areas related to SAP and process consulting in the retail and wholesale industry. Acquired by . For desktop/laptop related queries or complaints, visit http://www.hclinfosystems.in. HCL Group. 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. 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. Acquire Axon … We use cookies on our site, once the companies! Its revenue, disclose how much IT expects Axon business to add to its Annual revenue People,,. Use this form c Vijaykumar, President & CEO, HCL Technologies ' of! Use this form 's acquisition of Axon Group Ltd. 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