IT services provider HCL Technologies on Thursday said that it has acquired Minneapolis-based PowerObjects – a leading North American provider of Microsoft Dynamics customer-relationship management (CRM). Also Read - HCL acquires data management platform DatawaveAlso Read - HCL launches AI-powered services for enterprises
“This will bolster HCL’s global applications business, which offers transnational programs and complex application management for a myriad of clients’ technology landscapes,” HCL Technologies said in a release Also Read - HCL Infosystems in talks to distribute Apple products in India
It justified the acquisition citing market research firm Gartner’s forecast that CRM will be a $36 billion worldwide market by 2017, and will grow faster than any other enterprise software category, as businesses look to build upon long-term customer relationships.
Also, within the CRM market, Microsoft Dynamics CRM outpaced market growth at 21.7 percent growth in 2014. Few days ago HCL Technologies said it has signed an agreement to acquire a Bengaluru-based privately-held engineering services firm, Concept to Silicon Systems (C2SiS), for an undisclosed amount.