HCL Technologies' arm acquires Jaspersoft from Cloud Software Group

Shares of HCL Technologies will remain in focus in Tuesday’s trading session after its arm announced a new acquisition. The shares closed 1.3% higher on Monday amid broad-based buying in IT stocks.

HCLSoftware, the software business division of HCLTechnologies, today announced its intent to acquire Jaspersoft, a business unit of Cloud Software Group and provider of a leading embedded analytics and pixel-peęect reporting platform. The acquisition will enable HCLSoftware to accelerate the Agentic Business Intelligence roadmap of customers by adding embedded analytics and pixel-peęect reporting capabilities to its Data & AI division, said the company in the exchange filing.

The exchange filing read, HCLSoftware’s Data & AI division (Actian) is seeing increased demand for its metadata management, data catalog and data governance solutions and has demonstrated good growth over the last five years, driven by enterprise data management solutions. The acquisition will fuĚher enhance Actian’s proposition by enabling an end-to-end, immersive data management experience, while expanding reach through a large, global developer community comprised of data engineers and architects actively building, deploying and extending data platforms across the modern enterprise environment.

Earlier, the company also inked a pact to acquire Hewlett Packard Enterprise's (HPE's) Telco Solutions business. Following an earlier transaction with HPE in 2024, the company will, through this new acquisition agreement, further gain industry-leading intellectual property (IP), product engineering and R&D talent, and client relationships with top global Communication Service Providers (CSPs). Telco Solutions supports more than 1 billion devices through its solutions, across 200+ deployments globally. It enables Operations Support Systems (OSS), Home Subscriber Server (HSS) and 5G Subscriber Data Management (SDM), with advanced AI-led closed-loop network automation for seamless network monetisation.

The HCL Technologies shares delivered negative returns in 2025 as IT stocks witnessed immense selling pressure. However, the share has recouped the majority of its losses in 2025 and surged almost 20% from its September lows.