India’s HCL, U.S. Sumeru Equity to buy software company Actian for $330 mln

07/19/2018 6:48:00 AM (GMT)

Indian IT services company HCL Technologies said it has completed the $330 million acquisition of U.S. software company Actian in partnership with San Francisco-based technology-focused private equity firm Sumeru Equity Partners (SEP).

HCL had said it will make an equity contribution of $164 million and debt of $125 million towards the deal. SEP and De Souza will contribute $40 million and $1 million, respectively.

HCL is expected to own high margin, recurring revenue IP business in data analytics, integration, and management products.

Actian had registered revenue of $107.1 million in 2017.

HCL

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