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HCL Technologies Limited ( (IN:HCLTECH) ) has provided an update.
HCLSoftware, the software division of Indian IT services group HCLTech, has announced its intent to acquire Jaspersoft, the embedded analytics and pixel-perfect reporting business of Cloud Software Group, in a deal expected to close within six months. The acquisition will fold Jaspersoft into HCLSoftware’s Data & AI division, Actian, to strengthen its end-to-end enterprise data management capabilities and meet growing demand for metadata management, data catalog and data governance solutions. By adding Jaspersoft’s established embedded analytics and high-volume, pixel-perfect reporting tools—widely used in heavily regulated sectors such as government, banking and financial services—HCLSoftware aims to offer customers more flexible, AI-powered business intelligence that can be tightly integrated into customer-facing applications, deepening its presence in the business intelligence market and expanding its reach into a large global developer community.
More about HCL Technologies Limited
HCLSoftware is the software business division of HCLTech, positioned as a global leader in software innovation for the Digital+ economy. It develops, markets, sells and supports AI-driven, data-centric and operational software solutions for more than 20,000 organizations worldwide, including most Fortune 100 and nearly half of Fortune 500 companies, with a strong focus on enterprise-grade products for regulated and large-scale customers.
Average Trading Volume: 128,053
Technical Sentiment Signal: Strong Buy
Current Market Cap: 4457.2B INR
For detailed information about HCLTECH stock, go to TipRanks’ Stock Analysis page.