Forrester report says HCL's acquisition of Axon helps it build strengths in the lucrative package implementation space. The report further says "It helps new competition like HCL-Axon attack Satyam's sweet spot - SAP services... HCL is raising debt to strengthen its IT services business through a stronger SAP capability, and incumbent SAP services leader. Satyam is spending its mountain of cash to diversify out of the IT services business,"
The announcement of Satyam's plan, incidentally, happened within 24 hours of the formal finalisation of HCL's purchase of Axon.
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