HCLSoftware, a division of HCLTech, plans to acquire Wobby, an AI startup specializing in AI Data Analyst ‘Agents’ for data warehouses. The acquisition is aimed at enhancing HCLSoftware’s data management solutions, offering customers faster and more accurate business insights through natural language interfaces. The deal is expected to close by February 2026.
Acquisition Overview
HCLTech, through its HCLSoftware division, has announced its intention to acquire Wobby, an early-stage startup based in Antwerp, Belgium. Wobby provides AI Data Analyst ‘Agents’ for data warehouses.
Strategic Rationale
The acquisition aims to enhance HCLSoftware’s data management capabilities under its Actian division. This is driven by increasing demand for metadata management, data catalog, and data governance solutions. Integrating Wobby’s technology will allow customers to interact with raw data more effectively, leading to faster and more accurate business insights.
Wobby’s Key Offering
Wobby’s AI Data Analyst ‘Agents’ enable users to query complex datasets via a natural language interface. This solution utilizes a semantic layer and agentic architecture to interpret business context and automate workflows, complementing Actian’s Data Intelligence Platform.
Expected Benefits
According to Marc Potter, CEO Actian & Portfolio General Manager of HCLSoftware’s Data & AI division, Wobby will enable self-service analytics with AI-driven insights that customers can trust, providing natural-language analytics on a unified, governed semantic layer.
Transaction Timeline
The acquisition is projected to be completed by February 2026.
Financial Details of the Acquisition
The total purchase price is EUR 4.5 million, with EUR 3.0 million at Closing and EUR 0.75 million each at the first and second anniversary of Closing.
Wobby Financials
Key financials for Wobby include:
- Founded in 2023
- Reported Revenues (Fiscal Year End December 31):
- 2023: EUR 0.03 million
- 2024: EUR 0.1 million
- PAT (Fiscal year ended December 2024): EUR -0.3 million
- Net worth: EUR 1.0 million
Source: BSE