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.