HCL Technologies and Sumeru Equity Partners to Acquire Actian Corporation
We’re excited to announce that HCL Technologies (HCL), a leading global technology company, and Sumeru Equity Partners (SEP), a technology-focused private equity firm, have signed a definitive agreement to assume 100 percent ownership of Actian Corporation. For Actian, it means the company will benefit from HCL’s expertise in delivering next generation solutions for the cloud, IoT, cybersecurity, and autonomics, as well as expand our global reach. SEP, with its growth-oriented technology investment portfolio and market understanding, will help Actian identify and develop essential strategic alliances. HCL will take an 80% controlling ownership and Sumeru will hold approximately 20%.
Actian will continue to operate as a separate entity, led by current CEO and President Rohit De Souza, but will do so within the HCL Technologies ecosystem, gaining the benefit of HCL’s global capabilities. Together, we are committed to delivering innovative products and services to support you and your customers .
What will this mean for you, Actian’s customers and partners?
This strategic combination of industry leaders will help accelerate product innovation in the Hybrid Data arena, and expand our reach by bringing our existing innovative product portfolio to customers across the globe.
Key dimensions of this partnership:
• Ownership committed to the long term success and growth of Actian hybrid data solutions and other investments by Actian
• Investment in key areas of innovation including machine learning, edge computing, and hybrid cloud services
• An aggressive expansion of technology and channel partnerships as we seek to accelerate the development and growth of our hybrid data management, integration and analytics solutions business both on-premises and in the cloud
• Deep industry expertise to help deliver next generation IT services across the globe, including more comprehensive solutions focused on targeted horizontal and industry use cases
What happens next?
The deal is expected to close in the third quarter of this calendar year. We are absolutely committed and focused on continuing to deliver the most innovative hybrid data products and solutions in the industry. We will keep the communication channels open as we work through the transition over the next few months and finalize details of this exciting new chapter for our company. Our expectation is to be able to bring more value to you, our customers. Many thanks for your continued support.
Best regards,
Rohit De Souza
President & CEO
Actian Corporation
