HCLSoftware, the software business division of HCLTech, is set to acquire Jaspersoft, a business unit of Cloud Software Group and provider of embedded analytics and a pixel-perfect reporting platform, for $240 million.
Jaspersoft provides a comprehensive business intelligence and reporting platform that enables organizations to create pixel-perfect reports, interactive dashboards and advanced visualizations. Jaspersoft has consistently served as an industry leader for pixel-perfect reporting, making it the solution of choice for regulated industries such as government, banking and financial services.
Jaspersoft has approximately 115 employees globally who will transfer to HCLSoftware.
Acquisition will enable Actian, HCLSoftware’s data division to address increased demand for its metadata management, data catalog and data governance solutions. This will accelerate the Agentic Business Intelligence roadmap of Actian’s customers by adding embedded analytics and pixel-perfect reporting capabilities.
It will enhance Actian’s proposition by enabling an end-to-end, immersive data management experience, while expanding reach through a large, global developer community comprised of data engineers and architects actively building, deploying and extending data platforms across the modern enterprise environment.
Marc Potter, CEO of Actian & Portfolio General Manager of HCLSoftware’s Data & AI division, said, “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. With Jaspersoft, Actian will provide seamless AI-powered embedded analytics with strong architectural flexibility, allowing high-volume pixel-perfect reports and interactive dashboards to be seamlessly integrated into customer-facing applications, driving scalable self-service business intelligence.”
Steven Schneider, General Manager of Analytics business unit at Cloud Software Group, said, “Jaspersoft has earned the trust of organizations worldwide through its embedded analytics capabilities. We believe HCLSoftware is a strong strategic owner for the business and look forward to Jaspersoft continuing to serve customers under HCLSoftware’s ownership.”
