HCLTech Expands Telecom Services with CTG Asset Acquisition from Hewlett Packard Enterprise

HCLTech has completed the acquisition of assets from Hewlett Packard Enterprise’s (HPE) Communications Technology Group (CTG), building on a partnership announced in May 2024. This strategic move reinforces HCLTech’s position in the global telecom services market by acquiring intellectual property, engineering talent, and key client relationships with top-tier Communication Service Providers (CSPs). The acquisition

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extends HCLTech’s global presence across North America, LATAM, Europe, and Asia-Pacific, including Japan, and establishes direct relationships with 20 of the top 30 CSPs worldwide. HCLTech also gains a robust portfolio of solutions in business support systems, network applications, service cloudification, and data intelligence, supported by 1,500 product engineering specialists integrated from CTG.

Anil Ganjoo, Chief Growth Officer at HCLTech, emphasized the company’s commitment to leveraging CTG’s expertise to deliver enhanced value to clients and accelerate its digital services growth. Marie Myers, EVP, and CFO at HPE, expressed confidence in HCLTech’s ability to nurture CTG’s legacy while driving future success. With over 218,000 employees across 60 countries and consolidated revenues of $13.7 billion for the 12 months ending September 2024, HCLTech is poised to expand its global footprint and further strengthen its capabilities in the telecom industry.

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