HCLTech will acquire Jaspersoft from Cloud Software Group. The acquisition will enhance HCLSoftware’s Agentic Business Intelligence roadmap by adding embedded analytics and pixel-perfect reporting capabilities to its Data & AI division. The deal is expected to close within six months. Jaspersoft has approximately 115 employees globally who will transfer to HCLSoftware.
Acquisition Overview
HCLTech, through its HCLSoftware division, has announced its intent to acquire Jaspersoft, a business unit of Cloud Software Group. Jaspersoft offers a leading embedded analytics and pixel-perfect reporting platform.
Strategic Rationale
The acquisition aims to bolster HCLSoftware’s Data & AI division (Actian) by addressing the increasing demand for metadata management, data catalog, and data governance solutions. By integrating Jaspersoft’s capabilities, HCLTech seeks to provide an end-to-end data management experience and expand its reach to a broader developer community.
Jaspersoft’s Strengths
Jaspersoft provides a business intelligence and reporting platform that enables organizations to create pixel-perfect reports, interactive dashboards, and advanced visualizations. The platform has served regulated industries like government, banking, and financial services.
Management Commentary
Marc Potter, CEO of Actian & Portfolio General Manager of HCLSoftware’s Data & AI division, stated that Jaspersoft will allow Actian to provide seamless AI-powered embedded analytics with architectural flexibility and the ability to integrate high-volume, pixel-perfect reports into customer-facing applications.
Steven Schneider, General Manager of Analytics business unit at Cloud Software Group, expressed confidence in HCLSoftware as a strategic owner for Jaspersoft.
Deal Details
The acquisition is expected to close within six months of signing. The total purchase price is US$240 million, and the deal is structured as an asset carve-out. Approximately 115 Jaspersoft employees globally will transfer to HCLSoftware.
About Jaspersoft
Jaspersoft provides a comprehensive business intelligence and reporting platform that enables organizations to offer interactive dashboards and advanced visualizations.
Source: BSE