{"id":289778,"date":"2018-12-07T07:10:44","date_gmt":"2018-12-07T05:10:44","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=289778"},"modified":"2018-12-07T07:10:44","modified_gmt":"2018-12-07T05:10:44","slug":"ibm-sells-software-assets-for-1-8-billion-to-indias-hcl","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/technology\/289778\/ibm-sells-software-assets-for-1-8-billion-to-indias-hcl\/","title":{"rendered":"IBM sells Software assets for $1.8 billion to India&#8217;s HCL"},"content":{"rendered":"<div class=\"article-content\">\n<p>IBM agreed to sell $1.8 billion in software assets to India\u2019s HCL Technologies Ltd., part of Big Blue\u2019s effort to focus more on cloud computing.<\/p>\n<p>HCL, based in New Delhi, is buying seven businesses focused on markets such as e-commerce and human resources, according to a statement Thursday. The transaction is expected to close by mid-2019.<\/p>\n<p>An existing licensing partnership between the two companies will continue for five of the products.<\/p>\n<p>&#8220;The time is right to divest these select collaboration, marketing and commerce software assets, which are increasingly delivered as stand-alone products,&#8221; said John Kelly, a senior vice president at International Business Machines Corp.<\/p>\n<p>IBM is trying to become a leader in the hybrid cloud market, which combines software and services delivered over the public internet with similar offerings run on companies\u2019 own servers and data centers.<\/p>\n<p>In October, the Armonk, New York-based company agreed to buy Red Hat Inc., a specialist in this area, for $33 billion.<\/p>\n<hr \/>\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/cloud-hosting\/277987\/ibm-misses-sales-estimates\/\" target=\"_blank\" rel=\"noopener\">IBM misses sales estimates<\/a><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>IBM agreed to sell $1.8 billion in software assets to India\u2019s HCL Technologies Ltd., part of Big Blue\u2019s effort to focus more on cloud computing.<\/p>\n","protected":false},"author":59,"featured_media":277989,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9878],"tags":[26,753],"class_list":["post-289778","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-headline","tag-ibm"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/289778","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=289778"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/289778\/revisions"}],"predecessor-version":[{"id":289786,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/289778\/revisions\/289786"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/277989"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=289778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=289778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=289778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}