IBM and HCL Technologies (HCL) today announced a definitive agreement under which HCL will acquire select IBM software products for $1.8 billion.

The transaction is expected to close by mid-2019, subject to completion of applicable regulatory reviews.

The software products in scope represent a total addressable market of more than $50 billion and include:

    Appscan for secure application development,
    BigFix for secure device management,
    Unica (on-premise) for marketing automation,
    Commerce (on-premise) for omni-channel eCommerce,
    Portal (on-premise) for digital experience,
    Notes & Domino for email and low-code rapid application development, and
    Connections for workstream collaboration.

HCL and IBM have an ongoing IP Partnership for five of these products where Notes & Domino is one of them.