HCLSoftware to acquire Jaspersoft for $240mn

HCLSoftware a subsidiary of HCLTech, has announced the acquisition of Jaspersoft from Cloud Software Group in an all-cash deal valued at $240 million (around Rs 2, 100 crore), to strengthen its data and artificial intelligence software portfolio and expand its embedded analytics capabilities.

The transaction, structured as an asset carve-out, will see Jaspersoft become part of Actian, HCLSoftware’s Data & AI division, the IT major said in an exchange filing. The acquisition is expected to close within six months of signing, subject to regulatory approvals across multiple jurisdictions, including clearance from the Committee on Foreign Investment in the United States (CFIUS).