HPE to advance strategy by divesting Communications Technology Group to HCLTech
HPE News, Thursday, May 23rd, 2024
HCLTech is the right partner to support the ongoing transformation of communications service providers (CSPs)
Since 2019, HPE has been focused on pivoting its portfolio toward higher-margin, higher-growth areas of the market, with an emphasis on product-oriented software and as-a-service technologies. To achieve this vision and position us to best meet the evolving needs of our customers, we continually evaluate, refine, and innovate our portfolio and product roadmap.
Today, we announced the divestiture of assets from our Communications Technology Group (CTG) business to HCLTech, a leading global technology company. The combination of CTG's systems integration, network applications, video solutions, data intelligence, and Business Support Systems (BSS) software with HCLTech's highly digitized telecoms services practice will extend HCLTech's leadership in the telecoms services market.