HCLTech's HCLSoftware to acquire Jaspersoft for USD 240 million
HCLTECH · price
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HCLTech's software arm HCLSoftware will buy Jaspersoft, a business intelligence unit of Cloud Software Group, for USD 240 million in an all-cash deal. Structured as an asset carve-out, about 115 employees will move over. The deal strengthens HCLSoftware's Actian division with embedded analytics and pixel-perfect reporting for sectors like banking, government and financial services. Expected to close within 6 months, pending CFIUS and other regulatory approvals. Not a related party transaction.
Strategic all-cash acquisition expands HCLTech's data and AI portfolio. Asset buyout, no equity dilution; modest impact on cash flows.