April 12, 2018 / 3:59 PM / 10 days ago

HCL Tech, PE firm to buy U.S. data management firm Actian

(Reuters) - Indian IT services company HCL Technologies Ltd (HCLT.NS) and private equity firm Sumeru Equity Partners will buy U.S. data management firm Actian Corp in a $330 million deal, the companies said on Thursday.

HCL will own 80 percent of Actian and Sumeru will own the rest.

    Palo Alto, California-based Actian, which also provides businesses cloud computing and analytics services, will continue to be led by Chief Executive Rohit De Souza.

    Reporting by Taenaz Shakir in Bengaluru; Editing by Sai Sachin Ravikumar

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below