HCLSoftware, HCLTech’s enterprise software products arm, made two acquisitions this year to sharpen its focus on data, analytics, and generative AI-led enterprise software.
The company said the acquisitions of Wobby, which builds AI data analyst agents, and embedded analytics platform Jaspersoft are central to building a more integrated data and AI stack that allows enterprises to analyse, govern, and act on data at scale.
In an email interaction with AIM, a company spokesperson said that HCLSoftware is creating “an end-to-end data intelligence stack that can enable hybrid and sovereign data at scale.”
In simpler terms, the company aims to help enterprises organise their data, analyse it using AI, and turn insights into action through a single, integrated system.
The spokesperson said the recent acquisitions are positioned within a unified roadmap across the customer data value chain rather than operating as standalone products.
As part of HCLSoftware’s XDO (experience-data-operations) blueprint, the roadmap brings together a data intelligence layer built on a metadata-driven knowledge graph, a semantic layer that enables natural-language interaction with data, and embedded visualisation and business intelligence.
According to the company, this approach allows for conversational, explainable and agentic interfaces to data instead of complex technical queries, enabling enterprises to govern, analyse, and use data more effectively. The combined stack supports enterprise-specific governance, cataloguing, AI-driven analysis, and business insights.
Wobby’s AI data analyst agents “utilise context-aware workflows and incorporate a powerful Agentic AI layer into this stack, enabling business users to interact with their raw data through a natural language interface and obtain fast and accurate business insights on demand,” the spokesperson said.
They added that Wobby strengthens “AI-driven governance, catalogue, and metadata capabilities,” while its use of a semantic layer and knowledge graph helps constrain and guide AI reasoning, improving accuracy and consistency while reducing ambiguity.
Jaspersoft, meanwhile, “offers unique and industry-leading pixel-perfect reporting and embedded analytics capabilities, which are architecture-agnostic and deployable in any environment,” enabling a comprehensive business intelligence platform across platforms, applications, and infrastructure.
As customers scale their generative AI transformation, the company needs consistent analytics, reliable reports, and flexibility in how they own their analytics experience, with Jaspersoft creating “a unique differentiation across the portfolio, paving the way towards business intelligence-driven outcomes,” the spokesperson noted.
On whether these acquisitions are aimed at embedding HCLSoftware deeper into customers’ core IT architectures, the company said it envisions deepening long-term customer relationships by delivering more actionable business insights through its portfolio.
These capabilities are enhanced through HCLSoftware’s “Build-Buy-Ally” strategy, under which the company builds core capabilities in-house, acquires products that accelerate strategic goals, and partners where customer and ecosystem needs require it.
Addressing monetisation, the spokesperson said embedded analytics and AI within enterprise workflows and GenAI-led transformation services are viewed as two distinct but complementary capability domains that continue to coexist.
In this context, Wobby enhances HCLSoftware’s AI narrative by positioning AI agents as first-class consumers of enterprise data, while Jaspersoft reinforces its analytics foundation with a mature, embeddable BI platform that scales across use cases, industries, and deployment models.
With Wobby and Jaspersoft, the company said it has successfully filled key product gaps and invested in next-generation technology to address end-to-end data management requirements within its existing portfolio.
On build-versus-buy decisions, HCLSoftware said portfolio expansion is treated as a disciplined strategic exercise, balancing internal capabilities with market dynamics, including skills availability, time-to-market, competition, and evolving technology trends.
Outlining its M&A principles, the company said it focuses on strategic growth assets aligned with the long-term roadmap of its enterprise software portfolio and assets that help accelerate product development and competitiveness.
On Jaspersoft’s positioning versus hyperscaler-embedded BI tools, the company spokesperson said Jaspersoft is differentiated by industry-leading pixel-perfect reporting, an architecture-agnostic approach, and a highly engaged open-source developer community.
They added that Jaspersoft is not an end-of-life product, noting that revenue impact in the past was linked to the formation of Cloud Software Group in 2022 and a shift in go-to-market focus, with growth re-acceleration seen after a dedicated leadership team was brought in 2024.
In the quarter ended September, HCLTech posted consolidated revenue of about $3.6 billion (₹31,942 crore), reflecting mid-single-digit growth sequentially. Within this, HCLSoftware reported annual recurring revenue (ARR) of roughly $1.05–1.06 billion, underscoring the scale of its software business, though the company did not disclose standalone quarterly revenue for the unit.
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