HCLTech has announced that its subsidiary HCLSoftware will acquire Jaspersoft, a leading business intelligence (BI) and reporting platform, from Cloud Software Group for $240 million. The deal enhances HCL’s analytics portfolio, expanding its enterprise software offerings and positioning the company to deliver stronger data-driven solutions to global clients.
In a strategic move to bolster its enterprise software portfolio, HCLTech confirmed the acquisition of Jaspersoft from Cloud Software Group for a total purchase price of $240 million. The transaction will be executed through HCLSoftware, the company’s software division, and is expected to close in early 2026.
Jaspersoft is widely recognized for its open-source BI and reporting tools, enabling organizations to embed analytics into applications and make data-driven decisions. By integrating Jaspersoft’s capabilities, HCLSoftware aims to strengthen its analytics, visualization, and reporting solutions, offering clients enhanced tools to manage and interpret complex datasets.
Industry experts view this acquisition as a significant step in HCLTech’s strategy to expand beyond IT services into enterprise-grade software solutions, aligning with global demand for advanced analytics and digital transformation.
Notable Updates & Major Takeaways
Deal Value: $240 million acquisition by HCLSoftware.
Target Company: Jaspersoft, a BI and reporting platform from Cloud Software Group.
Strategic Fit: Enhances HCL’s analytics and enterprise software offerings.
Market Impact: Strengthens HCL’s position in global BI and data visualization markets.
Timeline: Transaction expected to close in early 2026.
Conclusion
The acquisition of Jaspersoft underscores HCLTech’s commitment to expanding its software and analytics footprint, ensuring clients gain access to robust BI tools for smarter decision-making. This move positions HCL as a stronger player in the enterprise software ecosystem.
Sources: Economic Times, Business Standard, Moneycontrol