HCLSoftware to Acquire Jaspersoft from Cloud Software Group for $240 Million

HCLSoftware, the software business division of HCLTech, has announced its intent to acquire Jaspersoft, a business unit of Cloud Software Group. The acquisition, valued at $240 million, is expected to close within six months and will enable HCLSoftware to accelerate its Agentic Business Intelligence roadmap of customers by adding embedded analytics and pixel-perfect reporting capabilities to its Data & Al division. Jaspersoft provides a comprehensive business intelligence and reporting platform that enables organizations to create pixel-perfect reports, interactive dashboards, and advanced visualizations. The acquisition will further enhance Actian’s proposition by enabling an end-to-end, immersive data management experience, while expanding reach through a large, global developer community.