HCLTech's Arm HCLSoftware Acquires Jaspersoft for $240 Million

• HCLSoftware, HCLTech's software division, will acquire Jaspersoft from Cloud Software Group for $240 million.
• Jaspersoft is a business intelligence and reporting software provider, currently a unit of Cloud Software Group.
• The acquisition aims to strengthen HCLSoftware's Data and AI division, Actian, enhancing its data management offerings.
• It will enable Actian to provide end-to-end data management, expand developer reach, and offer AI-powered embedded analytics.
• Jaspersoft's tools are widely used in regulated sectors like government, banking, and financial services.

Why It Matters: HCLSoftware boosts its Data and AI capabilities with the $240M acquisition of Jaspersoft.