HCL Tech Enters AI Battle Mode with Aggressive Data Push

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Days after TCS’s mega AI blueprint, HCL Technologies doubles down on agentic AI and embedded analytics with back-to-back acquisitions.

By S JHA

Mumbai, December 23, 2025 — In an age where artificial intelligence portfolio invites investors’ interests, HCL Technologies is also girding up for the battle royale. A few days after the IT bellwether TC announced mega AI plan, Noida-based HCL Tech is also going aggressive with acquisition plans.

“HCL Software, the software arm of HCL Tech, has announced its intent to acquire the Belgium-based early-stage startup Wobby, which provides AI data analyst agents for its data warehouses to strengthen its Data & AI portfolio,” said ICICI Securities in a research note on Tuesday.

It also stated that “the all-cash deal, valued at €4.5 million (₹474 crore), is expected to close by February 2026. The company has also announced its intent to acquire Jaspersoft from the Cloud Software Group for about $240 million (₹2,150 crore) in an all-cash asset carve-out, subject to regulatory approvals.”

“The deal is expected to close within six months. The Wobby deal is driven by an increased demand for HCL Software’s data and AI division for its metadata management, and its data catalogue and data governance solutions,” added the brokerage.

It also argued that “Wobby will add agentic AI data analyst capabilities to its data intelligence platform, enabling natural-language analytics and faster business insights.”

“The Jaspersoft acquisition, on the other hand, will strengthen the company’s Data & AI division by adding embedded analytics and pixel-perfect reporting capabilities, accelerating its agentic business intelligence roadmap,” said the brokerage in a positive outlook for the stock.

HCL Technologies originally began as the R&D wing of HCL Enterprises. In 1991, HCL Technologies was spun off as a separate unit and soon began offering enterprise IT infrastructure services.

(Disclaimer: This article makes no recommendation for buy or sell of shares of any company)