HCLSoftware, the software business division of HCLTech, on Friday announced that it intends to acquire Zeenea, an innovator in data catalog and governance solutions based in Paris, France. Through this acquisition, HCLSoftware will enhance its Data & Analytics business (Actian). HCLSoftware Actian Data Platform has seen strong growth in Hybrid Data Management and Integration over the last few years. Adding metadata management, data catalog and governance capabilities will enable customers to consume these capabilities of the data platform, it said.
HCL Technologies UK Limited will acquire 100 per cent of the outstanding equity of the company at a total enterprise valuation of EUR 24 million. The deal will be done in cash.
Zeenea provides an intelligent data discovery platform that supports metadata management applications from search and exploration to data catalog, lineage, governance, compliance and enterprise data marketplace.
“Metadata management is becoming critical for our customers to accelerate their GenAI initiatives across business functions. Zeenea will further accelerate the growth in the data and analytics space for HCLSoftware. It will enable HCLSoftware to offer a unified data intelligence solution that will power enterprises to discover, govern, connect, manage and better leverage data in their data engineering and GenAI journeys,” said Kalyan Kumar, Chief Product Officer, HCLSoftware.
“Organizations demand an integrated and holistic approach to data management. Zeenea’s data catalog and governance capabilities will extend our portfolio to offer a comprehensive, single-vendor solution to meet all the data needs of today’s data driven enterprises,” said Marc Potter, CEO Actian & Portfolio General Manager of HCLSoftware’s Data & Analytics business.
“Incorporating Zeenea’s capabilities with HCLSoftware will deliver a differentiated solution for customers. Combining HCLSoftware data analytics, database and data management solutions with our knowledge graph, data catalog and enterprise data marketplace will offer customers a tailored approach to data management,” said Luc Legardeur, CEO and Co-founder, Zeenea.
The acquisition is expected to close in September 2024, the company said.