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HCL Buys SAP Div Of South Africa’s UCS For $7.7M

17 July, 2009

HCL Axon, a unit of HCL Technologies, has bought the SAP division of South Africa’s UCS Group for an initial $7.7 million, the Indian firm said in a statement on Friday.

HCL Axon, which helps firms business management software from Germany’s SAP AG, said it would also make payments to UCS over two years based on the growth of the purchased unit.

The deal wpould close on August 1, it added.

 


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HCL Buys SAP Div Of South Africa’s UCS For $7.7M

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