HCL Technologies Ltd has completed the acquisition of Jaspersoft, a business unit of Cloud Software Group, with Actian, the data and AI division of HCLSoftware, integrating the unit into its portfolio. The transaction was finalized at 7.25 pm IST on July 2, 2026, with a deemed effective date of July 1, 2026. Actian announced on July 7, 2026, that it has combined Jaspersoft’s embedded analytics and reporting with its data management solutions to support operational reporting and intelligent decision-making.

Strategic Integration and AI Focus

The integration combines data management, business intelligence, and AI. Marc Potter, chief executive officer of Actian, stated that as organizations scale AI, the need for trusted data and actionable insights is critical. The addition of Jaspersoft is intended to provide customers a seamless path from data to reporting, analytics, and AI-driven insight. Actian plans to enhance Jaspersoft's roadmap with AI-enhanced analytics, agentic BI capabilities, and deeper integration across its portfolio.

Operational Reach and Partner Network

Jaspersoft brings approximately 1,000 customers globally, including enterprise, mid-market, and small business sectors. The unit is recognized for creating pixel-perfect reports, interactive dashboards, and advanced visualizations used for compliance filings, performance tracking, and regulatory audits. Additionally, Jaspersoft’s approximately 90 partners across 44 countries have joined Actian’s network, expanding local implementation and support expertise for customers in industries such as financial services, healthcare, and government.

Acquisition Background

The acquisition marks the conclusion of the process initiated with the company's intimation to the exchanges on December 22, 2025. The update was submitted to BSE Limited and National Stock Exchange of India Limited by Manish Anand, Company Secretary of HCL Technologies Limited.

HCLTech has achieved the ISO/IEC 42001:2023 certification for its Enterprise Artificial Intelligence Management System (AIMS), validating its capability to support enterprises in scaling AI adoption with robust governance and operational rigor. Issued by Schellman Compliance, LLC, an accredited body recognized by the ANSI National Accreditation Board, the certification covers the company's AI lifecycle processes. This includes support for AI-enabled services such as the flagship AI Force platform, software engineering, IT operations and business process services.

The certification affirms HCLTech 's enterprise-wide framework for the responsible development, deployment and governance of AI. The AIMS framework is designed to align with evolving global regulatory requirements, including the EU AI Act. ISO/IEC 42001:2023 is the world's first international standard for AI management systems, published by the International Organization for Standardization and the International Electrotechnical Commission.

Governance and Operational Rigor

The standard establishes a comprehensive framework for managing AI across the full system lifecycle, addressing risk management, transparency, fairness, accountability and continuous improvement. By securing this certification, HCLTech aims to demonstrate disciplined governance as organizations move from AI experimentation to enterprise adoption.

Strategic Impact

Vijay Guntur, Chief Technology Officer and Head of Ecosystems at HCLTech, stated that the certification reflects the company's commitment to building and delivering AI responsibly at scale. He added that the independent assurance reinforces the company's ability to support clients in deploying AI with confidence. Avani Desai, Chief Executive Officer of Schellman, noted that the certification signifies the embedding of Responsible AI governance into daily business operations.