HPE divests Communications Technology Group business to HCLTech

Hewlett Packard Enterprise (HPE) has announced the divestiture of assets from its Communications Technology Group (CTG) business to HCLTech. Financial terms of the transaction were not disclosed.

The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in six to nine months. During that time, HPE intends to hold discussions with HCLTech on an expanded strategic partnership.

HPE will retain its Telco Solutions group, which sits within Aruba Networking, and is part of the former CTG business focused on Operations Support Systems (OSS).

As part of the agreement, approximately 1,500 employees of CTG with telecom industry experience will transfer to HCLTech in various countries — including Spain, Italy, India, Japan and China — to service clients globally.

You can find a blog post on the divestiture by HPE EVP and CFO Marie Myers here.

[Image courtesy: HPE]

Just in

AlphaSense raises $650M

AlphaSense, a market intelligence and search platform, has raised $650 million in funding, co-led by Viking Global Investors and BDT & MSD Partners.

Elon Musk’s xAI raises $6B to take on OpenAI — VentureBeat

Confirming reports from April, the series B investment comes from the participation of multiple known venture capital firms and investors, including Valor Equity Partners, Vy Capital, Andreessen Horowitz (A16z), Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, writes Shubham Sharma. 

Capgemini partners with DARPA to explore quantum computing for carbon capture

Capgemini Government Solutions has launched a new initiative with the Defense Advanced Research Projects Agency (DARPA) to investigate quantum computing's potential in carbon capture.

Snowflake to acquire TruEra AI observability platform

Snowflake has entered into a definitive agreement to acquire TruEra, providers of an AI observability platform. Financial terms of the transaction were not disclosed.