HCLSoftware a subsidiary of HCLTech, has announced the acquisition of Jaspersoft from Cloud Software Group in an all-cash deal valued at $240 million (around Rs 2, 100 crore), to strengthen its data and artificial intelligence software portfolio and expand its embedded analytics capabilities.
The transaction, structured as an asset carve-out, will see Jaspersoft become part of Actian, HCLSoftware’s Data & AI division, the IT major said in an exchange filing. The acquisition is expected to close within six months of signing, subject to regulatory approvals across multiple jurisdictions, including clearance from the Committee on Foreign Investment in the United States (CFIUS).
What does Jaspersoft do?
Jaspersoft provides embedded analytics and pixel-perfect reporting software that allows organisations to build interactive dashboards, visualisations and high-volume reports directly into applications. The platform is used in regulated industries such as government, banking and financial services, where precision reporting and control over analytics environments are critical.
HCLSoftware said the acquisition will enhance Actian’s existing data management, governance and catalog offerings by enabling an end-to-end analytics experience, while also broadening its reach among developers and data architects building modern enterprise data platforms.
What did Marc Potter say?
“As GenAI adoption accelerates, our customers want business intelligence solutions that can deliver consistent analytics and reports and offer flexibility to fully own the analytics experience,” Marc Potter, CEO Actian & Portfolio General Manager of HCLSoftware’s Data & AI division, said.
“With Jaspersoft, Actian will provide seamless AI-powered embedded analytics with strong architectural flexibility, allowing high-volume pixel-perfect reports and interactive dashboards to be seamlessly integrated into customer-facing applications, driving scalable self-service business intelligence, he added.
The acquisition will also support Actian’s agentic business intelligence roadmap by adding embedded analytics capabilities to its portfolio. Jaspersoft has approximately 115 employees globally, who will transfer to HCLSoftware as part of the transaction.
Steven Schneider, General Manager of the Analytics business unit at Cloud Software Group, said, “We believe HCLSoftware is a strong strategic owner for the business and look forward to Jaspersoft continuing to serve customers under HCLSoftware’s ownership.”
HCLSoftware also announced the acquisition of Wobby, an early-stage AI data analyst agents startup based in Belgium, for EUR 4.5 million (around Rs 40 crore) in an all-cash deal.
Wobby provides AI-powered data analyst agents that allow users to query complex datasets using natural language and receive actionable insights.
“Customers want self-service analytics with AI-driven insights that they can trust,” Potter said. “With Wobby, Actian provides LLM-powered natural-language analytics on a unified, governed semantic layer, enabling self-service analytics that delivers context-rich, accurate insights and a foundation for scaling GenAI initiatives with confidence.”