HCL Announces Acquisition of Select IBM Software Products for $1.8 billion

HCL

In a regulatory filing HCL Technologies Ltd., an Indian MNC founded  by billionaire Shiv Nadar’s family, has announced acquisition of several IBM software products for $1.8 billion.

The all cash deal is the biggest acquisition ever by HCL and among the biggest in the technology industry. HCL will borrow $300 million to fund the deal, which is expected to close around mid 2019.

Shiv Nadar

HCL further mentioned that the seven software products are in the areas of marketing, security, & collaboration solutions. The purchase includes IBM Connections that enables streaming from social networks, document authorization, blogging, bookmarking, reporting expenses and reviewing emails etc for enterprises.

The software products represent a total addressable market of more than USD 50 billion, HCL said in the filing. Apart from Connections, the other IBM software products bought by HCL include Appscan for Secure application development, BigFix for Secure device management, Unica for marketing campaigns, Commerce for ecommerce development, Portal for digital experience, Notes & Domino for email & rapid application development.

BigFix

The market’s initial response hasn’t been buoyant for HCL. The HCL shares slid 5 percent at the close of the day at BSE Sensex. Some investors questioned the price tag and the return potential of IBM assets which were acquired by HCL.

However, C. Vijayakumar , CEO HCL, remarked, “The deal will help HCL acquire 5,000 customers, a task that would have otherwise taken two decades.”

“It’s a mix of products, some of them are cash cows and some of them will keep growing,” Vijayakumar said. “Some of the products will need some infusion of fresh life to allow them to grow faster.”

As per a market analyst, “Post this deal, the IP business will contribute roughly 20 percent to HCL’s revenue from the current 12 percent.”

The software products are highly scalable and a lucrative investment opportunity for technology firms. The profits from HCL will be invested to buy the IBM software products. The intellectual property and software assets are breeding ground for investors.

HCL with its proven expertise in IT services, consulting and implementation will be looking to make the most of this acquisition. With the push for software products and services on the cloud, scaling up to serve a global market has become more feasible than ever before.

The acquisition of IBM assets also augurs well for the Indian software products and services market. The software industry in India is growing at a rapid clip, despite many predictions of its growth stalling. The traditional services companies are reinventing themselves with digital capabilities.

IBM

The software revenues touched $160 billion in 2017-18 and will continue to grow at 8-9% according to NASSCOM. The Indian software industry is expected to achieve a revenue target of USD 350 billion by 2025 as per NASSCOM.

The HCL acquisition is a reflection of the growing clout of software products business in India. The software services companies in India are also looking at software products and digital business opportunities as the next growth frontier. The Indian software industry offers an unmatched value proposition & would be expected to continue on its growth trajectory.

The era of digital businesses is putting pressure on traditional IT services companies. So, they are looking at good software & digital products for diversifying their business. The digital products are typically SaaS products accessed by customers over internet, which provide scalable and fast growing business opportunities for companies.

6 Great Leadership Lessons from George H W Bush

George Herbert Walker Bush

George Herbert Walker Bush was the 41st President of America. He breathed last on 30 November. He served as the American President from 1989 to 1993. He served as the Vice President of USA from 1981 to 1989 when Ronald Reagan was the president.

He was called Bush Sr. to differentiate him from his eldest son and 43rd President George W Bush, who served two consecutive terms from 2001 to 2009.

The world needs great leaders to steer the fate of humanity to a graceful future. In the echelons of the global leaders, George H.W. Bush remains known for his unassuming style and great statesmanship. He passed away at the age of 94.

He was the son of a Senator. George H.W. Bush also had the distinction of being the youngest fighter pilot in the US Navy in World War II. He also served as the director of the CIA.

Here we look at some of the great words of wisdom on leadership from the former President, George H.W. Bush.

 1. “No problem of human making is too great to be overcome by human ingenuity, human energy, and the untiring hope of the human spirit.”

George H W Bush

Leaders solve problems; they inspire people and believe in their ability to do remarkable things. Persistent efforts can solve the toughest problems.

The greatest leaders inspire their teams to persevere, strive and solve the toughest challenges.

2. “Be bold in your caring, be bold in your dreaming and above all else, always do your best.”

George H W Bush

George H W Bush

 

A leader inspires others to dream and do their best. You will only reach your best, when you give your best. Leaders bring out the best in their people by setting high expectations and making everyone strive to do more.

3. “We know what works. Freedom Works. We know what’s right. Freedom is right.”

George H W Bush

Freedom is an expression of everyone on the planet. Leaders understand that everyone should bring in their uniqueness and give them freedom to be themselves.

4. “I have opinions of my own, strong opinions, but I don’t always agree with them.”

George H W Bush

George H W Bush

 

The mark of a great leader is that he is open minded. Even though he may believe something very strongly, but he is able to change his mind when presented with the right facts.

A successful leader has to be open minded and know when to embrace things contrary to his opinions and beliefs.

5. “I do not mistrust the future; I do not fear what is ahead. For our problems are large, but our heart is larger.”

George H W Bush

Leaders instill courage and faith in their teams. They help them take on big challenges and view them as opportunities without being fearful. They encourage people to look at future with a lens of positivity and enthusiasm.

6. “We are not the sum of our possessions.”

   George H W Bush

George H W Bush

 

A great life is never about what you possess, it is about what you give back. Leaders give back more than they receive. They think beyond instant gratification and temporary possessions.

The best leaders are able to visualise things that align people for a greater purpose, mission and accomplish unimaginable heights.

21 Motivational Quotes that Help You Win the Day

Motivational Quotes to Help You Win Your Day

Everyday is a blessing. What you do in your day goes a long way in creating your identity. Your everyday attitude and what you do defines you.

Great people make everyday count. They create simple and powerful routines that help them accomplish what they want in their day.

Our life is shaped by our days. When you give your best everyday, stay committed, disciplined and work hard, you attract great energy & power from the universe.

You can win your day by making the most of it. Here we look at some great quotes to make your day:

1. “You will never win if you never begin.”

Helen Rowland

Helen Rowland

2. “Good, better, best. Never let it rest. ‘Til your good is better and your better is best.”

St. Jerome

3. “Success is the result of perfection, hard work, learning from failure, loyalty, and persistence.”

Colin Powell

Colin Powell

4. “Self-belief and hard work will always earn you success.”

Virat Kohli

5. “Your deepest prayers are your sincerest actions. They are always rewarded.”

Apoorve Dubey

Apoorve Dubey

6. “You have to fight through some bad days to earn the best days of your life.”

Anonymous

7. “Who are we to decide: what will be the outcome of our actions? It is God’s domain. We are just simply responsible for the actions.”

Bhagvad Gita

Bhagvad Gita

8. “Hard work never brings tiredness, it brings satisfaction.”

Atal Bihari Vajpayee

9. There is no substitute for hard work. Never give up. Never stop believing. Never stop fighting.”

Hope Hicks

Hope Hicks

10. “Do your work with your whole heart, and you will succeed.”

Elbert Hubbard

11. “Talent is cheaper than table salt. What separates the talented individual from the successful one is a lot of hard work.”

Stephen King

Stephen King

12. “No matter who you are, no matter what you did, no matter where you’ve come from, you can always change, become a better version of yourself.”

Madonna

13. “Formal education will make you a living; self-education will make you a fortune.”

Jim Rohn

Jim Rohn

14. “If you can see yourself as an artist, and you can see that your life is your own creation, then why not create the most beautiful story for yourself?”

Miguel Ruiz

15. “Without hard work and discipline it is difficult to be a top professional.”

Jahangir Khan

Jahangir Khan

16. “The only way to improve is to set yourself harder goals.”

Joanne Whalley

17. “First ask yourself: What is the worst that can happen? Then prepare to accept it. Then proceed to improve on the worst.”

Dale Carnegie

Dale Carnegie

18. “To question your own process is a necessity. If you don’t question yourself, it’s impossible to improve.”

Alejandro Gonzalez Inarritu

19. “Having no competition is a bad thing. Competition makes you try to improve yourself all the time.”

Shu Qi

Shu Qi

20. “A champion needs a motivation above and beyond winning.”

Pat Riley

21. “Success isn’t always about greatness. It’s about consistency. Consistent hard work leads to success. Greatness will come.”

Dwayne Johnson

Dwayne Johnson

This is the No. 1 Thing that Makes People Successful

Makes People Successful

What makes people successful? This is a question that has fascinated researchers for centuries. While some people attain massive levels of success and achievements, others bite the dust.

How does one predict the success of an individual? Well, a fascinating study from Stanford research gives us the clue. Carol Dweck, Psychologist at Stanford, who has spent her entire career studying attitude & performance has revealed something quite startling. Your attitude is a better predictor of your success than your IQ.

The study found that people’s attitude fall into two categories, a fixed mindset or a growth mindset.

people’s attitude

With a fixed mindset, you face hurdles to change. You believe who you are and cannot change it. It creates serious hurdles when confronted with new things. These people get overwhelmed and feel lost in the midst of challenges.

On the other hand people with growth mindset believe they can improve themselves with effort.

They constantly work hard to improve and adapt better when confronted with challenges. Intriguingly, they even outperform people who are more intelligent than they are, but have a fixed mindset. People with a growth mindset treat challenges as opportunity to learn and grow.

constantly work

The inherent tendency of a person to put in efforts to enhance himself day in day out plays a huge role in determining his success. While some people stagnate, become overconfident and surrender to difficulties, others continue to grow, learn and use opportunities to succeed.

To succeed in life, one has to handle setbacks and failures. When presented with a hard task, the growth mindset people acquire skills, work hard and keep learning until they crack the code. The fixed mindset gives up early. They accept things as they are and find it hard to change themselves.

It is not uncommon for talented people with great ability to fail. But persistent people who learn continuously, embrace setbacks and difficult challenges find a way to succeed.

persistent people

According to Dweck, successful people deal with failures better. She illustrates how people with growth mindset view failures. She says, “Failure is information—we label it failure, but it’s more like, ‘This didn’t work, and I’m a problem solver, so I’ll try something else.”

Successful people are problem solvers. They persist until they find the solution. In the process, they acquire new skills and keep improving themselves. It’s your attitude and willingness to learn & adapt that shapes your destiny.

You can adopt a growth mindset to view challenges as stepping stones in your life. It makes a world of difference when you can continue to improve and grow in your life as opposed to staying with a fixed mindset.

Here we look at the three traits of people with growth mindset that help them accomplish success:

1. Turn Setbacks to Success:

People with a growth mindset are not afraid to be wrong. They constantly seek out ways to push their boundaries and learn when they can. They are not afraid to put their hand up and take initiative to try new things.

They view failures & setbacks as opportunities to learn, experiment and ultimately achieve what they want.

2. Work Hard:

Work Hard

In a world, that is constantly changing; you need to work hard to keep yourself up to date. Growth mindset requires a good work ethic, pushing yourself everyday and finding the solutions to problems.

By constantly pushing your limits, you can achieve anything you wish. Hard work helps you cultivate the skills and qualities for long-term success.

3. Persistence & Grit:

If there is one thing that makes a difference between success and failure, it is persistence. Successful people are persistent. People who have a growth mindset don’t give up. They try until they solve the problem. They are very gritty and determined.

The fixed mindset says, “I am not smart enough to solve it.” Whereas the growth mindset says, “I am not smart enough to solve it yet, but I will try until I solve it.” And when you approach the problems with this mindset, you invariably find a way to solve them.

Conclusion:

The people with growth mindset never give up, thrive under pressure and keep growing until they succeed. It’s the attitude with which you approach life that creates a difference & makes you successful. Don’t accept your limitations, if you want to surpass them.

5 Powerful Ways to Organise Your time & Achieve More Everyday!

Organise Your time

Time is the most scarce resource we have and also the most valuable one.

Anyone and everyone you meet will tell you, how they don’t have time to do things they want. It seems everyone is in short supply of time these days.

Time management is the skill that everyone ought to master. You cannot do without it. When you look at the top professionals in various fields and disciplines, one of their key attributes is time management.

No matter who you are and what you do, organising time and using it well will never hurt you in life.

People who rise to great level of success in their fields spend their time with absolute attention. It is very often the quality of time they spend doing what they do. They spend quality time with full focus, which results in disproportionate results and great success.

It’s not about how much time you have, but the quality, attention and effectiveness with which you use it. Here we look at some powerful ways to organise your time:

1. Do it Today, don’t Wait for Tomorrow

Do it Today

It’s an attitude, either you do it today or postpone to tomorrow.

Schedule what you want to do in the day & give all your energy to complete it. People who postpone things for tomorrow end up wasting time, procrastinating and ultimately doing very little effective work in their day.

Successful people have a habit of getting things done. They make a short list of important and high priority work for the day. They stick to it and get it done.

People who rise to the top of their fields make their day count. They don’t wait for tomorrow to do what is scheduled today. It’s a small habit that does wonders in the long run.

You will surprise yourself with what you can achieve when you follow this simple mantra of doing it today.

2. Schedule Tasks Wisely

Schedule Tasks

This is the golden rule of thumb for time management. Everyday, identify the most important tasks that need your attention & start with them. 

Have a very simple and organised routine to set yourself up for work. Don’t waste your energy first thing in the morning. Give all your energy to the hardest problems to want to solve.

With full energy and attention, you can often get the hardest things out of the way quickly. You can then schedule lightweight tasks that require less brain power during the course of the day.

There is a famous Eisenhower’s principles for managing your tasks:

a). Urgent & important: Do them now. Important deadlines and critical tasks that need your attention.

b). Important but not urgent: These are important tasks that need to be accomplished for you to move forward. Successful people have a way to get things moving even if they are not urgent.

c). Urgent but not important: Delegate these tasks if you can. These are small tasks that take away your focus and attention from important work.

d). Not Urgent and not important: Avoid these time stealers.

Successful people build routines that maximises their efficiency. They know how to make peak use of their time and end up doing lot more than their peers in the same time.

3. Follow 80/20 Rule & Eliminate Distractions

Follow 80/20 Rule

The 80/20 Rule says that 20% of your activities are responsible for 80% of your success. Or in other words, stick to your core and do it well.

The only way you can focus on a few tasks is by eliminating distractions. People are becoming a slave to their smartphones. It helps them do some of their work, but every notification, chat message, social media post is not important.

You need to eliminate your time stealers that prevent you from fully focusing on important things. Learn to say no to the distractions that hold you back. Schedule a time after lunch when you may be drowsy for the unimportant tasks, emails, chat messages etc.

Don’t let low priority tasks or unimportant work get in the way. Successful people understand the difference between doing the right thing than just doing the thing right.

4. Attention Management

Attention Management

Time management is more about attention management and staying focused. Being busy without being productive is a nightmare for professionals all over the world.

When you put in time, you need to make the best of it. It requires a deeper understanding of yourself. Think of it, what helps you produce your best? What time you are most focused? Which is the work you enjoy doing?

Find a strategy that works well for you and stick to it. Attention and focus are rare in a world of digital distractions. But for deep work, you need full attention and focus.

The attention management also requires you to handle ever changing priorities. You need to be able to have spontaneity and presence of mind to adapt to situations and do your best.

The business world is extremely demanding and the top professionals are those who can adapt very quickly as per the changing priorities.

5. Make Your Time Count

Make Your Time Count

Parkinson’s law states that “work expands so as to fill the time available for its completion.”

It is common for most professionals to work for an average of 60 hours per week. However, not everyone achieves greatness, far from it. Most people end up being mediocre because they do mediocre work.

Successful people spend time doing something that creates great value. They build things that attract attention and opportunities. They do things with complete involvement and end up with monumental achievements in their time.

Find Out the Most and Least trusted professions in UK

Most and Least trusted professions

Trust is highly soughted in the world today. For a common man, everything from news, politicians, campaigns and media are under the scanner when it comes to trust. So, who are the most trusted professions in the UK? The answers to this may be revealed in a survey done by Ipsos.

Intriguingly, this survey has been done every year since 1983 to reveal the most trusted profession. The results for 2018 are out and Nurses remain the most trusted profession in the UK. As many as 96% trust them to tell the truth, Doctors are a close second with 92% & Teachers round off the third spot in the survey.

Which is the least trusted profession among the Britons? No, surprisingly it’s not the politicians, but advertising executives with only 16% trusting them. The advertising professionals have their work cut out for them.

least trusted profession

Politicians are among the least trusted as you would expect. They are second in the least trusted professions with a meagre 19% people believing them. Government ministers are the third least trusted profession behind the politicians.

Journalists and Estate agents also rank among the least trusted professions with the fourth and fifth ranks respectively. The trust deficit among these professions is quite high.

Engineers are also high on people’s list of professions they trust. With as many as 87% revealing that they trust engineers to tell the truth. They rank as the fourth most trusted profession. The professors rank next to the engineers with 86% people trusting them as the fifth most trusted profession.

most trusted profession

The survey also revealed that people’s belief system is also shaped by their age & other socio-demographic factors. However, people trust 14 of the professions majority of the time compared to the 8 they distrust most of the time.

Another fascinating revelation is that overtime people’s trust levels in priests are declining.  In 1983, as many as 85% of the people trusted in priests, but this year, the number has decreased to 62%. Last year 69% people believed in priests.

With all the fake news and stories around the media, it is quite apparent that people’s trust is declining. However, still over 62% trust in the Television news readers, last year it was 67%.

Television news readers

Charity chiefs, Bankers, Business leaders & Local councillors are also among the professions with less than 50% believing them. The Armed Forces and Police both are high on people’s trusted allies with 78% & 76% approving them. The Police Force has made a steady climb in trust ratings with barely 60% in 2009.

Armed Forces

The study also revealed that young people are mostly trusting. The generating Z and millennials trust most professions compared to older groups. On average the trust in most professions is higher compared to the distrust.

A world where trust is high and people believe in each other is always a welcome sign. With the shared economy platforms and the digital world increasingly connecting distant people across the world, a high level of trust can break down barriers and make the world a more united place.

You may share your most trusted professions in the comments below!

7 Reasons You Should Read More Books

reason-to-read-book

Readers are leaders and leaders are readers. Yes, you may have heard this before. Reading is to mind what exercise is to body.

Studies show that it is becoming harder for people to read & stay focused. Reading books doesn’t come naturally to a whole new generation growing up on mobile devices. But reading is one of the most fascinating things that can shape your knowledge, thoughts and personality.

Barack Obama, Bill Gates, Warren Buffett, Richard Branson and many other top leaders read vociferously and adore books. Despite their hectic schedules, these leaders find time to read. Many of these leaders also share their list of recommended books to their followers.

Here we look at the top reasons why you should read more books:

1. Improves your ability to Focus:

Improves your ability to Focus

Reading a book improves your ability to focus and concentrate. The uninterrupted time you devote to a book helps you improve your focus, concentration & your ability to process information.

In the digital world, people are often doing too many things at any given time. It makes them distracted, stressed and lowers their productivity too, but reading a book requires single pointed attention.

People who have a habit of reading books develop good concentration and focus.

2. Expands your Mind & Imagination:

Expands your Mind & Imagination

Reading opens your mind to a whole new world of information and imagination. You can learn from the top people in any field by reading their books.

How did Warren Buffett learn about investing? Well, the answer isn’t surprising. He invests 80% of his time reading and learning.  He says, “I just sit in my office and read all day. That’s how knowledge builds up, like compound interest.”

Reading expands your horizon and worldview. You can get more ideas and be more creative with reading. When you read books, you can get insights into the mind of top people and learn more about them.

3. Good for Your Brain:

Good for Your Brain

Reading is good for your brain. Researchers at Stanford University confirmed that reading a book provides a truly valuable exercise of people’s brains. Reading increases blood flow to regions of the brain & activates them.

The Standford Researched Natalie Phillips said, “Surprising preliminary results reveal a dramatic and unexpected increase in blood flow to regions of the brain beyond those responsible for ‘executive function,’ areas which would normally be associated with paying close attention to a task, such as reading.”

4. Develops Skills & learning:

Develops Skills & learning

A lot of successful people attribute their learning to reading. They develop skills, learn and constantly update themselves with new information through reading.

“Knowledge has to be improved, challenged, and increased constantly, or it vanishes.”

Dr. Peter Drucker

The knowledge that you build overtime gets outdated with new information growing all the time. So, most of the top professionals devote time to read and learn. Reading helps them to keep pace with the current changes and improve their skills.

Knowledge becomes outdated every passing second. The more you sit back on what you did in the past, the further you recede in your career.

5. Reading Helps you Discover Yourself:

Reading Helps you Discover Yourself

Reading helps you discover the various facets of your life. Reading enables you to accumulate different experiences about people, characters, locations, culture and various other fields.

Reading enriches your vocabulary, knowledge and conversation skills.

Simply put, books have the power to shape the personality of a man. The books help a man’s quest for learning, satisfy intellectual curiosity and unleash different aspects of his life.

Reading also helps a person to improve their cognitive abilities and understanding.

6. Broader Understanding of the World & People:

Broader Understanding of the World & People

Reading books can help you develop broader understanding of the world and people. When you read books, you open yourself to different cultures, traditions and lives of people.

Reading autobiographies and biographies of successful people will inspire you to do well in your live. You get to learn from the experience of the people who have achieved great feats in life.

Reading fiction gives you great insight into the minds, behaviours & characters of people. Reading lets you learn about people’s day to day lives, what they think and do like nothing else can.

Your understanding and perception of things will broaden when you read. There are several studies and researches that point out that reading makes people more open minded too.

7. Makes you More Persistent:

Reading a book is like a marathon, you need to go on and on to complete it. It makes you persistent. When you pick up a book, you are glued to it and do your best to complete it at the earliest.

This habit of reading many books subconsciously makes you persistent. You finish what you start. You try your best to complete the undertakings and accomplish more as a result of it.

The top executives around the world and the leaders who make it to the top attribute a lot of their success to reading. Invariably, people at the top are readers. And many of them, pick up this habit of finishing things they start by reading a lot of books.

Conclusion

So, what are you waiting for? Make a list of your next 5 books to read and start reading until you finish them!