HCL Technologies announced a definitive agreement under which HCL will acquire select IBM software products for $1.8 billion. The transaction is expected to close by mid-2019, subject to completion of applicable regulatory reviews.

The software products in scope represent a total addressable market of more than $50 billion and include:
• Appscan for secure application development,
• BigFix for secure device management,
• Unica (on-premise) for marketing automation,
• Commerce (on-premise) for omni-channel eCommerce,
• Portal (on-premise) for digital experience,
• Notes & Domino for email and low-code rapid application development, and
• Connections for workstream collaboration.

HCL and IBM have an ongoing IP Partnership for five of these products.