HCL Technologies has announced its participation in Microsoft's advanced agentic AI platform, the Microsoft Discovery Platform, marking a significant step in accelerating scientific breakthroughs in chemistry, materials science, drug discovery, and semiconductor design through collaborative innovation. This collaboration positions the global technology company among a select group of research institutions and tech innovators working on next-generation breakthrough technologies.

Strategic Collaboration Framework

The partnership involves comprehensive technical integration and collaborative development opportunities. HCL Technologies will participate in deep technical onboarding sessions with Microsoft's Discovery team to establish effective working relationships and technical alignment.

Research Focus Areas

Following the onboarding process, HCL Technologies will engage in projects targeting critical scientific domains. The company will leverage its strong domain expertise across multiple industries to accelerate solutions in key research areas.

The collaboration will focus on:

• Chemistry and materials science applications
• Drug discovery and pharmaceutical research
• Semiconductor design and development
• Large-scale data processing and simulation
• Automated workflow optimization

Platform Capabilities and Applications

The Microsoft Discovery Platform provides advanced capabilities for research and development teams working on complex scientific challenges. HCL Technologies' participation will extend these capabilities to enterprise-scale applications through various implementation methods.

Leadership Perspectives

Aseem Datar, Corporate Vice President of Product Innovation at Microsoft Discovery and Quantum, emphasized HCL Technologies' suitability for expanding the platform's reach. The collaboration builds on existing successful partnerships between the two companies in developing sustainable and innovative solutions.

Hari Sadarahalli, Corporate Vice President of Engineering R&D Services at HCL Technologies, highlighted the strategic value of combining deep domain expertise with cloud-based computing services. The integration with Microsoft's enterprise-ready platform aims to accelerate scientific breakthroughs and deliver faster innovation across industries for clients.

Company Profile

HCL Technologies operates as a global technology company with more than 226,600 employees across 60 countries. The company delivers industry-leading capabilities centered around AI, digital, engineering, cloud, and software solutions. HCL Technologies reported consolidated revenues of $14.20 billion for the 12 months ending September 2023, serving clients across major verticals including Financial Services, Manufacturing, Life Sciences and Healthcare, High Tech, Semiconductor, Telecom and Media, Retail and CPG, Mobility, and Public Services.

HCL Technologies ' software division, HCL Software, has announced a significant acquisition that will strengthen its data analytics capabilities and expand its reach in the embedded analytics market.

Acquisition Overview

HCL Software announced its intention to acquire Jaspersoft, a business unit of Cloud Software Group, in a strategic move to enhance its Data AI division capabilities. The acquisition represents a major step forward in HCL Software's expansion of its analytics and business intelligence offerings.

Strategic Rationale and Business Impact

The acquisition aims to enable HCL Software's Data AI division (Actian) to address increasing demand for metadata management, data catalog and data governance solutions. Actian has demonstrated strong growth over the last five years, driven by enterprise data management solutions, and this acquisition may further enhance its market position.

Jaspersoft provides a comprehensive business intelligence and reporting platform that enables organizations to create pixel-perfect reports, interactive dashboards and advanced visualizations. The platform has consistently served as an industry leader for pixel-perfect reporting, making it the solution of choice for regulated industries such as government, banking and financial services.

Market Positioning and Customer Benefits

The acquisition is expected to enable 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 modern enterprise environments.

As GenAI adoption accelerates, customers are seeking business intelligence solutions that can deliver consistent analytics and reports while offering flexibility to fully own the analytics experience. With Jaspersoft, Actian plans to provide seamless AI-powered embedded analytics with strong architectural flexibility, allowing high-volume pixel-perfect reports and interactive dashboards to be seamlessly integrated into customer-facing applications.

Regulatory Approvals and Timeline

The acquisition is subject to regulatory approvals across countries, including approval from the Committee on Foreign Investment in the United States (CFIUS). The transaction is structured as an asset carve-out rather than a traditional share acquisition, with the deal expected to close within six months of signing.

This strategic acquisition aims to position HCL Software to deliver enhanced data analytics capabilities and strengthen its competitive position in the embedded analytics and business intelligence market.