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HCL acquires U.S. firm
Special Correspondent
MUMBAI: HCL Technologies, a leading global IT services provider, has announced the signing of an agreement to fully acquire Control Point Solutions (CPS) of the U.S., a leading provider of voice, data and wireless telecommunications expense management (TEM) services.
CPS is a privately held company and leads the TEM market catering to both enterprises and carriers across industry verticals.
As part of the transaction, HCL will acquire four delivery centres in the U.S. with over 200 professionals who come to HCL with domain knowledge and technical expertise. CPS is being acquired at an enterprise valuation of $20.8 million. This valuation is on cash-free and debt-free basis.
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