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HCLSoftware, the software division of HCLTech, has announced its intent to acquire Jaspersoft from Cloud Software Group for $240 million. The deal, structured as an asset carve-out, will enhance HCL’s Data & AI division (Actian) by integrating embedded analytics, advanced reporting, and visualization tools into its enterprise data management offerings.
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Strategic Move In Data & AI
The acquisition underscores HCLSoftware’s ambition to strengthen its Agentic Business Intelligence roadmap. Jaspersoft, known for its embedded analytics and pixel-perfect reporting, will complement Actian’s existing portfolio of metadata management, data catalog, and governance solutions. The integration is expected to deliver an end-to-end immersive data management experience for enterprises worldwide.
Major takeaways
• Acquisition valued at $240 million in all-cash consideration, pending regulatory approvals including CFIUS
• Jaspersoft’s embedded analytics and reporting tools to be integrated into HCLSoftware’s Actian division
• Deal structured as an asset carve-out rather than a share purchase
• Enhances HCL’s ability to deliver interactive dashboards, advanced visualizations, and immersive BI experiences
• Expands reach through Jaspersoft’s large global developer community of data engineers and analysts
Impact On Market
By acquiring Jaspersoft, HCLSoftware positions itself as a stronger player in the global data and analytics market. The move reflects rising enterprise demand for integrated BI solutions and highlights HCLTech’s strategy of scaling its software division through targeted acquisitions.
Sources: PRNewswire, The Malaysian Reserve, FilingReader, Manila Times
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