HCL Softwarerevenue, acquisition & funding
Enterprise IT Management SoftwareWaltham, MassachusettsFounded 1992
HCL Software was acquired by IBM.
HCL Technologies Software Division (HCLTechSW) is a subsidiary of HCL Technologies, a global technology company headquartered in India.
HCL Software revenue
HCL Software's annual revenue was $654.2M in December 2020, its last figure before IBM bought it (source not recorded). That is up 12% from $586.2M a year earlier.
All 2 revenue readings, with sources
| As of | Revenue | Source |
|---|---|---|
| Dec 2019 | $586.2M | – |
| Dec 2020 | $654.2M | – |
– source not recorded
Who owns HCL Software
IBM owns HCL Software. The date and price of the deal are not on record.
HCL Software funding rounds & investors
HCL Software has raised $6.8M in one round, in November 1999.
| Date | Round | Raised |
|---|---|---|
| Nov 1999 | Funding round | $6.8M |
| Total raised | $6.8M |
HCL Software competitors
HCL Software competes most directly with SAP and Adobe. It is the smallest of the three by revenue.
SAP
AdobeHCL Software CEO, founders & employees
Mark Ling founded HCL Software in 1992 and led it as CEO. HCL Software had 661 employees (December 2020).
- Mark LingFounder & CEO
Team mix (Dec 2020): 50 engineers, 56 in sales, 13 in marketing
All 5 headcount readings, with sources
| As of | Employees | Source |
|---|---|---|
| Dec 2020 | 661 | – |
| Aug 2020 | 1 | – |
| Jun 2020 | 644 | – |
| Dec 2019 | 637 | – |
| Dec 2018 | 631 | – |
HCL Software FAQ
What was HCL Software's revenue?
Before IBM bought it, HCL Software's annual revenue was $654.2M in December 2020 (source not recorded).
Who owns HCL Software?
IBM owns HCL Software.
How much funding has HCL Software raised?
HCL Software raised $6.8M in one funding round before IBM bought it, in November 1999.
How many employees does HCL Software have?
HCL Software had 661 employees in December 2020.
Who founded HCL Software?
Mark Ling founded HCL Software in 1992.
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How this page is sourced
Founder figures link to the second they were said; public figures name their source; estimates are marked EST and say whose they are. Not financial advice.
Updated Oct 30, 2026Data disclaimerReport a correctionClaim this profileRun HCL Software? Join the podcast