India, Dec. 26 -- HCLSoftware to acquire Jaspersoft marks a strategic move to expand its data and analytics capabilities as demand rises for integrated, enterprise-grade business intelligence platforms.

HCLSoftware, the software business division of HCLTech, has announced its intent to acquire Jaspersoft, a business unit of Cloud Software Group. Jaspersoft is known for its embedded analytics and pixel-perfect reporting platform, widely used across regulated industries.

The acquisition is expected to close within six months of signing.

The deal is positioned to enhance the Data and AI division of HCLSoftware, led by Actian. Over the past five years, Actian has seen steady growth driven by enterprise data management offerings, including ...