HCLSoftware Acquires Jaspersoft for $240 Million to Boost AI Analytics

Strategic Move to Strengthen Data & AI Portfolio

HCLSoftware, the software business division of HCLTech, revealed its intent to acquire Jaspersoft in a deal valued at $240 million. The acquisition brings a comprehensive business intelligence and reporting platform into HCLSoftware's expanding Data & AI division, known as Actian. The transaction will transfer approximately 115 Jaspersoft employees to HCLSoftware and is structured as an asset carve-out from Cloud Software Group. Jaspersoft specializes in embedded analytics and pixel-perfect reporting, serving regulated industries including government, banking, and financial services where precision reporting is critical.

Building the Agentic Business Intelligence Roadmap

Marc Potter, CEO of Actian and Portfolio General Manager of HCLSoftware's Data & AI division, emphasized the acquisition's strategic fit: > "As GenAI adoption accelerates, our customers want business intelligence solutions that can deliver consistent analytics and reports and offer flexibility to fully own the analytics experience." The deal addresses growing enterprise demand for Actian's metadata management, data catalog, and data governance solutions, which have demonstrated consistent growth over the past five years. By adding Jaspersoft's capabilities, Actian will offer seamless AI-powered embedded analytics with architectural flexibility for high-volume pixel-perfect reports and interactive dashboards that integrate directly into customer-facing applications.

Regulatory Approval and Timeline

The acquisition requires regulatory approvals across multiple jurisdictions, including clearance from the Committee on Foreign Investment in the United States (CFIUS). Cloud Software Group's Steven Schneider, General Manager of the Analytics business unit, welcomed the transition, stating that HCLSoftware represents a "strong strategic owner for the business." The deal is expected to close within six months of signing, pending standard closing conditions and regulatory clearances. This acquisition complements HCLSoftware's recent purchase of AI startup Wobby, signaling an aggressive expansion strategy in the data analytics and business intelligence space.

Decoded

This acquisition represents HCLSoftware's calculated bet on the convergence of traditional business intelligence and generative AI capabilities. While competitors like Microsoft, Tableau, and Power BI dominate the visualization market, HCLSoftware is carving out a niche in embedded analytics for regulated industries where data sovereignty and pixel-perfect reporting remain non-negotiable. The $240 million price tag is modest compared to mega-deals in the space, suggesting Cloud Software Group (the entity formed from Tibco and Citrix assets) is offloading non-core assets to streamline operations.

For HCLSoftware, the strategic value lies in Jaspersoft's developer community and its proven track record in sectors where compliance and reporting accuracy trump flashy dashboards. By pairing Jaspersoft's reporting strength with Wobby's natural language AI capabilities, HCLSoftware is positioning Actian as a full-stack data platform capable of serving enterprises that need both governed analytics and AI-driven insights. The move signals that the enterprise analytics market is fragmenting into specialized niches rather than consolidating around general-purpose platforms.