HCL Technologies Ltd. Among Apps Top 500

Technology Hub, SEZ, Plot No. 3A, Sector 126

Noida, x, 201304, India

91 12 0612 5000



HCL Technologies Ltd. Strengths, Domain Expertise, and Key Differentiators

HCL Technologies is a global technology company that helps enterprises reimagine their businesses for the digital age. It's technology products, services and engineering are built on four decades of innovation, with a world-renowned management philosophy, a strong culture of invention and risk-taking, and a relentless focus on customer relationships. With a worldwide network of R&D, innovation labs and delivery centres, and 137,000+ ‘Ideapreneurs’ working in 44 countries, HCL serve leading enterprises across key industries, including 250 of the Fortune 500 and 650 of the Global 2000.

In 2018, IBM and HCL announced a definitive agreement under which HCL will acquire select IBM software products for $1.8 billion. The transaction is expected closed in mid-2019. 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 Technologies Ltd. Recent Developments

In March 2021, HCL Technologies, (HCL), launched its next-generation application management framework ASM 2.0, which will help propel global enterprises towards improved agility, better resilience, and enhanced stakeholder experiences, with optimized spend. ASM 2.0 is a new paradigm in the applications landscape which enables enterprises to have a balanced view of budgets for both ‘business-as-usual’ and ‘transformational’ programs and drive towards a more agile, efficient, and outcome-driven culture.

In July 2019, HCL Technologies acquired and took full ownership of IBM products: AppScan, BigFix, Commerce, Connections, Digital Experience (Portal and Content Manager), Notes Domino, and Unica. HCL also introduced HCL Software, a new division that will operate and meet customer demand. Earlier that year HCL Technologies launched its HCL ADvantage Experience. This platform works with Adobe Experience Cloud to enable companies to create, personalize, and measure the customer experience through various touchpoints in a customer’s journey. The HCL Advantage Experience provides marketers with digital stores and libraries for quick launches, as well as the ability to integrate data from disparate legacy marketing systems.

HCL Technologies Ltd. Mergers and Acquisitions (M&A) Activities

In January 2021, HCL Technologies (HCL), confirmed the official closure of its acquisition of the DWS Group, a leading Australian IT, business and management consulting group, which delivers business and technology innovation to multiple clients across a spectrum of industry verticals across Australia and New Zealand.

In March 2019, HCL Technologies acquired Strong-Bridge Envision, a digital transformation consulting firm with offices in Seattle, Denver, Atlanta, and New York City. With this acquisition, SBE will become part of HCL’s global Digital and Analytics business. Also in September the same year, HCL acquired Sankalp Semiconductor. Sankalp’s capabilities, combined with HCL’s existing strengths, will help HCL sustain its leadership position in the semiconductor space within the Engineering and R&D Services industry. This strategic acquisition would enable HCL to further expand into newer market-domains, especially in analogue and mixed-signal design.

In April 2018, HCL Technologies and Sumeru Equity Partners( a technology and growth-focused private equity firm), have signed a definitive agreement to acquire Actian Corporation. The all-cash deal is valued at US$330 million. HCL will own 80 per cent while SEP will own approximately 20 per cent of the JV entity which in turn will own 100% shareholding of Actian Corporation. also in June 2018, HCL Technologies acquired H&D International Group. The acquisition is part of HCL’s long-term growth plan in Germany. This landmark deal sees HCL attain significant in-country front office and delivery capabilities and will further enhance the company’s domain expertise in the global automotive sector.

In April 2017, in order to bolster its capability in the area of BPO services and debt servicing, HCL Technologies acquired Urban Fulfillment Services. Furthermore, in 2017, HCL Technologies acquired Butler America Aerospace. Butler Aerospace has seven design centres and more than 900 engineers in the US. It provides engineering and design services in the areas of mechanical and structural design, electrical design, tool design, and aftermarket engineering services to customers primarily in the aerospace and defence industries in the US.

HCL Technologies Ltd. Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying HCL Technologies Ltd. applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of HCL Technologies Ltd. and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified AppScan, BigFix, Commerce, Connections, Digital Experience (Portal and Content Manager), Notes Domino, and Unica customers.

HCL Technologies Ltd. Key Enterprise and Cloud Applications

AppScan, BigFix, Commerce, Connections, Digital Experience (Portal and Content Manager), Notes Domino, and Unica

HCL Technologies Ltd. Revenues, $M:

Type/Year 2020 2021 YoY Growth, %
Total Revenues, $M Subscribe Subscribe Subscribe
Enterprise Applications Revenues, $M Subscribe Subscribe Subscribe
Cloud Applications Revenues, $M Subscribe Subscribe Subscribe

* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.

HCL Technologies Ltd. Revenue Breakdown By Type, $M:

Type License Prof. Services Hardware Support & Maintenance SaaS PaaS IaaS Other (Non Enterprise Application Revenues) Total
% of Total Revenues Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe 100%
Revenues, $M Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe

HCL Technologies Ltd. Revenues By Region, $M

Region % of Total Revenues 2021 Total Revenues, $M 2021 Enterprise Applications Revenues, $M 2021 Cloud Applications Revenues, $M
Americas Subscribe Subscribe Subscribe Subscribe
EMEA Subscribe Subscribe Subscribe Subscribe
APAC Subscribe Subscribe Subscribe Subscribe
Total Subscribe Subscribe Subscribe Subscribe

HCL Technologies Ltd. Direct vs Indirect sales

Region Direct Sales Indirect Sales Total
Type % Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe

HCL Technologies Ltd. Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified HCL Technologies Ltd. Customers

No. of HCL Technologies Ltd. Customers: x

No. of HCL Technologies Ltd. Enterprise Applications Customers: x

No. of HCL Technologies Ltd. Cloud Customers: x

No. of HCL Technologies Ltd. Cloud Subscribers: x

With HCL, customers get a fresh perspective and an alternative approach to enterprise environments. While traditional systems integration services remain critical with the shifting applications landscape, clients are now seeking partners that can also help them take advantage of emerging technologies and simplify their IT operations, while simultaneously reducing costs and investing in business growth.

HCL Technologies Ltd. Market Opportunities, M&A and Geo Expansions

In June 2021, HCL Technologies (HCL), a global technology company, launched its Pega suite of offerings on the Pega marketplace. With seven packaged service offerings on the Pega marketplace, HCL is the current top solution contributor amongst all the partners on the marketplace. HCL’s ADvantage Pega offerings, part of its end-to-end portfolio of digital process automation services, is a set of solutions, implementation frameworks and playbooks that accelerate the implementation of Pega-based solutions or platforms. These tools help provide enterprises with the speed and consistency needed to drive the success of global Pega implementations.

In April 2019, HCL Technologies launched its CyberSecurity Fusion Center (CSFC) in Frisco, Texas. The opening of the CSFC represents the next phase in the company’s mission to support secure business growth by providing customers with a single point of contact for the enterprise security lifecycle, from detection to remediation. Also, the CSFC reflects HCL’s commitment to the state of Texas and the city of Frisco, which has served as strategic partners to technology innovation and expansion.

In January 2018, HCL signed a global reseller agreement with SAP SE where SAP will resell the HCL next-generation maintenance, repair, and overhaul solution under the brand name SAP Enterprise Asset Management (SAP EAM), an add-on for MRO by HCL for SAP S / 4HANA. In October 2017, IBM struck a "strategic partnership" with HCL Technologies that had the latter firm take over the development of the IBM Lotus Software's Notes, Domino, Sametime and Verse collaboration tools.

In May 2018, HCL Technologies has joined hands with Transportation Alliance (BITA), known for incorporating blockchain in the transportation industry, to implement blockchain.

HCL Technologies Ltd. Risks and Challenges

From time to time, HCL acquires other companies or businesses, and the success of these acquisitions depends upon several factors. These include the effective integration of acquired employees with the rest of the company and the optimum realization of synergies between acquired business and the company. Such transactions expose the company to the risk of impairment of goodwill and other intangibles. HCL has pioneered a strategy to successfully gain significant value from acquisitions through a unique inorganic growth model which identifies value assets that can be enhanced through creative synergies. Following an acquisition, there is an ongoing integration and performance management program to enable acquired businesses and HCL to get the maximum returns on these investments. Board committees periodically review the performance of acquired businesses, and take corrective action when needed. Impairment of goodwill and other intangibles are evaluated at least once at the end of the year.

HCL Technologies Ltd. Ecosystem, Partners, Resellers and SI

In April 2021, HCL Technologies (HCL), expanded its strategic global collaboration with Intel to empower clients worldwide to accelerate their digital transformation strategy with SAP platforms and solutions. The combination of HCL’s SAP services and solutions and deep domain knowledge with Intel’s technology and architecture expertise gives organizations the building blocks to deploy transformational solutions faster and with greater success. HCL and Intel’s extended collaboration will enable organizations to maximize the business value of their SAP deployments. HCL and Intel will create joint industry reference architectures that they will bring to market together, along with vertical-specific solutions to support key use cases. Initially, the collaboration will focus on the telecom sector, with plans for expansion to manufacturing and healthcare use cases in the future.

In April 2019, HCL Technologies has become a Google Cloud Platform Premier Partner. The new partnership will help enterprises​ accelerate​ the​ adoption​ of GCP at scale and further​ strengthen​s​ HCL’s portfolio of cloud services. HCL is also an early adopter of Anthos,​ Google​ Cloud’s new open cloud platform, helping​ its clients build​ and manage hybrid cloud services and modernize applications with containers and microservices architectures.

HCL has a strong partner network and works with leading technology providers to deliver best-in-class solutions. Each business horizontal also works with niche partners to develop solutions in specialized technology areas.

HCL Technologies operate in 34 countries, including its headquarters in Noida, India. It has establishments in Australia, China, Hong Kong, India, Indonesia, Israel, Japan, Malaysia, New Zealand, Saudi Arabia, Singapore, South Africa, the United Arab Emirates, and Qatar.

In Europe, it covers Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Sweden, Switzerland, and the United Kingdom. In the Americas, the company has offices in Brazil, Canada, Mexico, Puerto Rico, and the United States.

HCL Technologies Ltd. Cloud Infrastructure Insights

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Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link:

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