What is HCLSoftware's strategy behind acquiring Jaspersoft and Wobby?

HCLSoftware acquired Jaspersoft for $240M and Wobby for EUR 4.5M to strengthen its data, AI portfolio, and embedded analytics capabilities.

What does Jaspersoft offer to HCLSoftware's Actian division?

Jaspersoft provides embedded analytics and pixel-perfect reporting, enhancing Actian's data management and offering an end-to-end analytics experience.

How will Wobby benefit HCLSoftware's AI initiatives?

Wobby's AI-powered data analyst agents enable natural language querying of complex datasets, providing actionable insights and scaling GenAI initiatives.

Home / Business and Economy / HCLSoftware Buys Jaspersoft for $240M Analytics Boost

HCLSoftware Buys Jaspersoft for $240M Analytics Boost

23 Dec

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Summary

HCLSoftware acquired Jaspersoft for $240 million to enhance its data and AI portfolio.
Jaspersoft offers embedded analytics and reporting for critical regulated industries.
HCLSoftware also acquired Belgian AI startup Wobby for EUR 4.5 million.

HCLSoftware Buys Jaspersoft for $240M Analytics Boost

HCLSoftware, a subsidiary of HCLTech, has announced a $240 million all-cash acquisition of Jaspersoft from Cloud Software Group. This strategic purchase is designed to significantly enhance HCLSoftware's data and artificial intelligence portfolio, with a particular focus on expanding its embedded analytics capabilities. Jaspersoft, which specializes in providing embedded analytics and pixel-perfect reporting software, will become part of Actian, HCLSoftware's Data & AI division.

The integration of Jaspersoft is expected to enrich Actian's current offerings in data management and governance, providing a more complete analytics experience. This acquisition will also broaden Actian's appeal to developers and data architects building modern enterprise data platforms. Jaspersoft's expertise is crucial for regulated industries like government and banking, where precise reporting and control are paramount.