HCLSoftware to acquire business intelligence platform Jaspersoft for $240 million

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HCLSoftware, the software business division of IT services company HCLTech, intends to acquire Jaspersoft, the business unit of Cloud Software Group, for $240 million in cash, the company has announced.

The deal is structured as an asset carve-out, with Jaspersoft’s 115 employees transferring to HCLSoftware. The transaction is expected to be completed within six months from the signing.

The asset purchase is driven by increased demand for HCLSoftware’s Data & AI division (Actian), metadata management, data catalogue and data governance solutions….



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HCLSoftware to acquire business intelligence platform Jaspersoft for $240 million



HCLSoftware, the software business division of IT services company HCLTech, intends to acquire Jaspersoft, the business unit of Cloud Software Group, for $240 million in cash, the company has announced.

The deal is structured as an asset carve-out, with Jaspersoft’s 115 employees transferring to HCLSoftware. The transaction is expected to be completed within six months from the signing.

The asset purchase is driven by increased demand for HCLSoftware’s Data & AI division (Actian), metadata management, data catalogue and data governance solutions….



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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