HCLTech spends $400 million on acquisitions in a week as it bets on improving AI, data offerings

Core Insights - HCL made a significant acquisition in December 2018, spending $1.8 billion to acquire six software products from IBM, marking its highest expenditure on asset acquisition to date [1] - This acquisition was noted as the largest in terms of value within the sector at that time [1] - Following the acquisition, HCL's CEO Vijayakumar indicated that the company would not pursue acquisitions at the same scale as the IBM purchase in the future [1]