Home / Business and Economy / HCLSoftware Buys Jaspersoft for $240M Analytics Boost
HCLSoftware Buys Jaspersoft for $240M Analytics Boost
23 Dec
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, 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.
In a parallel move, HCLSoftware has also acquired Wobby, a Belgian startup focused on AI data analyst agents, for EUR 4.5 million. Wobby's technology allows users to query complex datasets using natural language, yielding actionable insights. These combined acquisitions underscore HCLSoftware's commitment to advancing AI-driven business intelligence and self-service analytics.
