IBM announced that they entered a strategic Partnership with HCL Technologies, an Indian company that has high hopes for bringing the product back to its former glory. They will be taking over development of Notes, Domino, Sametime and Verse collaboration tools.
HCL Technologies paid a mere $1.8 billion for these products, since IBM acquired it back in 1995 for $3.5 billion. Note and Domino has lost lots of ground in the market in the last decade as IBM has not given the attention and development it deserved.
Alan Lepofsky, analyst at HCL says that they will be investing heavily in development of the products. “HCL is far more interested in Notes/Domino than IBM has been for a decade. They are investing heavily, trying to rejuvenate the brand,” Lepofsky told TechCrunch.
IBM and HCL have entered into an ongoing intellectual property partnership for five of the products. The companies said the products have a total addressable market of $50 billion.
This deal is still subject to the regulatory processes, but it should be concluded mid 2019.
Rock Business Solutions supporting Domino
Rock Business Solutions will remain supporting Notes and Domino and most of the integrating products like Sametime and Traveler. If you need any support with administration, development or licencing, please feel free to contact us.