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HCLTech: HCLTech completes acquisition of Paris based software firm Zeenea

, By The Economic Times
HCLTech: HCLTech completes acquisition of Paris based software firm Zeenea
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HCLTech late night Thursday said that it completed the acquisition of Paris based software company, Zeenea SAS. The acquisition valued Zeenea at $26.5 million (23.9 million euros), according to a BSE filing.

This is the second acquisition that the company made in the first half of the current fiscal. Three months ago in May, the IT major announced its plans to acquire certain assets of Hewlett Packard Enterprise’s (HPE) Communications Technology Group (CTG) for $225 million (approximately Rs1,874 crore).

HCLTech had announced its intention to acquire Zeenea in August 2024. Zeenea specialises in data catalog and governance solutions. HCL plans to use this acquisition to enhance its data and analytics business (Actian).

HCL Software contributes about 10% of the HCLTech’s total revenue. Even the margins at the software segment is the highest at 20.5% during the first quarter of this fiscal. The company has three business segments including HCL Software, Engineering and Research and Development, and IT and business services.

Recently State Bank of India selected HCLSoftware to automate its digital marketing program. The firm said that the bank will deploy HCL Unica martech platform to transform its customer interaction framework and deliver hyper-personalized customer experiences while ensuring data privacy.

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HCLTech: HCLTech completes acquisition of Paris based software firm Zeenea

, By The Economic Times
HCLTech: HCLTech completes acquisition of Paris based software firm Zeenea
Tech


HCLTech late night Thursday said that it completed the acquisition of Paris based software company, Zeenea SAS. The acquisition valued Zeenea at $26.5 million (23.9 million euros), according to a BSE filing.

This is the second acquisition that the company made in the first half of the current fiscal. Three months ago in May, the IT major announced its plans to acquire certain assets of Hewlett Packard Enterprise’s (HPE) Communications Technology Group (CTG) for $225 million (approximately Rs1,874 crore).

HCLTech had announced its intention to acquire Zeenea in August 2024. Zeenea specialises in data catalog and governance solutions. HCL plans to use this acquisition to enhance its data and analytics business (Actian).

HCL Software contributes about 10% of the HCLTech’s total revenue. Even the margins at the software segment is the highest at 20.5% during the first quarter of this fiscal. The company has three business segments including HCL Software, Engineering and Research and Development, and IT and business services.

Recently State Bank of India selected HCLSoftware to automate its digital marketing program. The firm said that the bank will deploy HCL Unica martech platform to transform its customer interaction framework and deliver hyper-personalized customer experiences while ensuring data privacy.

Growfast



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Starknet staking vote passes: New minting curve approved
Next News
Delhivery Alleges Ecom Express Used Incorrect Numbers In Its DRHP
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