HCLSoftware to acquire Jaspersoft from Cloud Software Group for USD 240 million
HCLTECH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.5 pts more than Nifty 100 and 0.8 pts more than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
HCLTech's HCLSoftware division, through its Data & AI unit Actian, will acquire Jaspersoft from Cloud Software Group for US$240 million in cash. Jaspersoft provides embedded analytics and reporting, with about 115 employees transferring over. Deal is structured as an asset carve-out, not a share purchase, and is not a related party transaction. Subject to CFIUS and other regulatory approvals. Expected to close within 6 months.
Strengthens HCLSoftware Data and AI portfolio with embedded analytics. Modest deal at USD 240 million against HCLTech's 14.2 billion dollar revenue base.