HCLTech has announced its intent to acquire Wobby, an AI data analyst ‘Agents’ startup based in Belgium. This acquisition aims to enhance HCLTech’s data and AI capabilities, specifically through Wobby’s technology that enables users to query datasets via natural language interface. The deal is expected to close by February 2026.
Acquisition Overview
HCLTech plans to acquire Wobby, an early-stage startup that provides AI Data Analyst Agents for data warehouses. This move aims to accelerate value realization from GenAI by adding AI data analyst capabilities to HCLTech’s portfolio.
Strategic Rationale
The acquisition of Wobby is intended to enhance HCLTech’s data and AI division, specifically Actian, by incorporating Wobby’s AI Data Analyst capabilities. This will enable customers to interact with their raw data more efficiently and gain faster, more accurate business insights. Actian has demonstrated good growth over the last five years.
Wobby’s Offering
Wobby provides AI Data Analyst ‘Agents’ that allow users to query complex datasets using a natural language interface. This solution is powered by a proprietary semantic layer and agentic architecture, which helps interpret business context and automate complex workflows. This complements the knowledge graph capabilities of the Actian Data Intelligence Platform.
Management Commentary
Marc Potter, CEO Actian & Portfolio General Manager of HCLSoftware’s Data & AI division, stated that with Wobby, Actian can provide LLM-powered natural language analytics on a unified, governed semantic layer.
Amra Dorjbayar, CEO and Co-Founder of Wobby, noted that combining Wobby’s capabilities with the Actian Data Intelligence platform will offer customers a differentiated approach to data management.
Deal Timeline
The acquisition is expected to be completed by February 2026.
Financial Details of Wobby
Wobby BV is headquartered in Belgium. The reported revenue for the year ended December 31, 2024, was EUR 0.1 million.
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. 100% of the outstanding equity of Wobby is to be acquired by Actian Germany GmbH.
Key Financials (as per fiscal year ended December 2024)
- PAT of EUR -0.3 million
- Net worth of EUR 1.0 million
Source: BSE