Who: HCL Technologies
What: Acquired CRM services firm PowerObjects for 299 crore rupees
When: 29 October 2015
Global IT services company HCL Technologies on 29 October 2015 acquired PowerObjects, a leading North American provider of Microsoft Dynamics CRM, for approximately 299 crore rupees.
The acquisition will bolster HCL’s global applications business, which offers transformational programs and complex application management for a multitude of clients’ technology landscapes.
The total consideration for the transaction includes contingent payments which are subject to certain financial targets.
Founded in 1993, PowerObjects is a professional services firm which is 100 percent focused on providing service, support, education and add-ons for Microsoft Dynamics Customer Resource Management (CRM).
The company won 2015 Cloud Customer Relationship Management Partner of the Year, and has also been a winner of 2012 Microsoft Dynamics CRM Partner of the Year award.