HCL, Sumeru Equity to buy Actian for $330 mln

HCL Technology and Sumeru Equity Partners have agreed to buy Actian Corp for $330 million. HCL will own 80 percent while Sumeru Equity will have about 20 percent of the joint venture that owns the company. Actian, of Palo Alto, California, provides data management, analytics and integration services. Adam Phillips lead the Kirkland & Ellis team that represented Sumeru Equity.

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