News : HCL Acquires Workplace Modernization and Virtualization Services Provider P2P
Noida, India, London, UK, January 25, 2016 -- HCL Technologies (HCL), a global IT services provider, announced its acquisition of Point to Point Limited and Point to Point Products Limited (jointly referred as Point to Point or P2P), an end-user cloud solutions design, implementation and delivery provider.
Point to Point provides a range of enterprise workplace transformation services and end-user cloud engineering solutions. These include managed serviced desktop services and support for virtualized workplace environments.
As part of the acquisition, HCL will be acquiring 100% outstanding shares of the company, the existing leadership team of P2P will remain in place and no workforce changes are planned. Over 40 P2P employees will be welcomed into the HCL family. The acquisition will have a simultaneous signing and closing and business folds into HCL immediately on signing of the deal.
P2P is independent company and this transaction does not fall within the definition of related party transaction.
"The acquisition of Point to Point will further help us maximize our ability to fully realize this vision. I welcome the passionate and capable Point to Point Technologies team to the HCL family," said Anand Birje, Senior Vice President, Corporate Development and Strategy (Infrastructure and Digital Services), HCL Technologies.
"The complementary strengths of HCL Technologies and Point to Point creates a huge opportunity for us to drive value and set a new industry benchmark for workplace services. Combining our own expertise of designing workplace environments and cloud solutions around the needs of end users, with HCL’s vision for the Workplace of the Future will truly enable us to eclipse the competition with a unique value proposition," said Sandra Palmer, Managing Director, Point to Point.
Posted by Laura Collins, Editorial Management
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HCL Enterprise is a 32-year-old Global Technology and IT enterprise, with operations spanning 23 countries. The 3-decade-old enterprise, founded in 1976, is one of India's original IT garage startups. Its range of offerings spans Product Engineering, Custom & Package Applications, Business Process Outsourcing, IT Infrastructure Services, IT Hardware, Systems Integration, and distribution of ICT products. HCL Enterprise comprises two companies listed in India, namely HCL Infosystems and HCL Technologies. HCL Infosystems deals with hardware, system integration, network and ICT distribution, solely for the Indian market. HCL Technologies on the other hand, focuses on Transformational Outsourcing, working with clients in areas that impact and re-define the core of their business. The company leverages an extensive global offshore infrastructure and its global network of offices in 23 countries to deliver solutions across select verticals.
About Point to Point Limited:
Point to Point provide services in connecting end users with the applications and information they require to carry out their jobs.
Published: Wednesday, January 27, 2016