HCL Technologies acquires CRM services firm PowerObjects
- Livemint
- October 30, 2015
New Delhi: India’s fourth-largest software services provider HCL Technologies Ltd has acquired Minneapolis-based customer relationship management (CRM) services provider PowerObjects for an undisclosed amount to strengthen its application management business, the company told stock exchanges on Thursday.
Founded in 1993, PowerObjects provides service, support, education and add-ons for Microsoft Dynamics CRM. Over 250 employees from PowerObjects will join the Noida-based firm.
“This acquisition enables HCL to take advantage of the rapidly growing global CRM industry, as Microsoft Dynamics is one of the fastest growing CRM products in the market,” said the company.
The worldwide CRM market is likely to be valued at $36 billion by 2017, growing at 13.3%, according to researcher Gartner Inc.
“Together, HCL and PowerObjects will now offer one of the largest Microsoft Dynamics practices in North America,” said Greg Palesano, executive vice president and global head of application services at HCL.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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