Capital Stream

HCL Technologies Buys US-Based Firm For $40 Mn

In order to strengthen its existence in insurance, banking and financial services segment, India’s fifth-biggest IT services company, HCL Technologies has acquired US-based Capital Stream, an IT solutions supplier for lending and straight-through processing for banks and finance companies.

HCL has acquired Capital Stream in an all cash deal of about USD 40 million (Rs 160 crore).