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Linedata Services SA Announces Acquisition of HCL Technologies Ltd's CapitalStream Business and Enters into Strategic Partnership with HCL Technologies Ltd


Thursday, 14 Feb 2013 11:46am EST 

Linedata Services SA announced that it has agreed to acquire HCL Technologies Ltd's CapitalStream business and enter into a strategic partnership with HCL Technologies Ltd. The transaction is expected to close before the end of the first quarter of 2013. CapitalStream is a software platform that offers a suite of credit life cycle management solutions to the financial services industry. As part of the acquisition, Linedata would acquire all the assets and associated liabilities for a sum of USD 45 million. 

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