PowerObjects Has Been Acquired By Indian Firm HCL Technologies For ~$46m

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Via News Release

“October 29, 2015 – PowerObjects has been acquired by HCL Technologies. HCL  Technologies is a leading global IT services company working with clients in the areas that impact and redefine the core of their businesses.

HCL provides transformational IT and software services to clients worldwide, underlined by innovation and value creation. HCL offers an integrated portfolio of services including software-led IT solutions and complex application management.”

With the acquisition, HCL and PowerObjects will merge to create one of the largest Microsoft Dynamics CRM practices in the world. The acquisition will create an environment where PowerObjects will be able to utilize HCL’s global size and scale to expand its business within North America as well as other geographical markets.

HCL is looking to accelerate its growth in Dynamics as part of its overall CRM strategy by leveraging PowerObjects’ expertise and dedication to Dynamics CRM. The acquisition will enhance HCL’s 360-degree relationship with Microsoft by further aligning to Microsoft’s mobile-first, cloud-first vision, of which Dynamics CRM is a central component.

Franklin Partners Inc., of Minneapolis, Minnesota initiated and advised PowerObjects and its shareholders in this transaction.

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