The global AI market is expected to grow from $305.9 billion in 2024 to over $1.8 trillion by 2030 due to enterprise adoption across industries. And over 70% of enterprises plan to scale AI investment in the next three years from pilots to core infrastructure.
Meanwhile, HCLSoftware’s recent acquisition of embedded analytics platform Jaspersoft and AI data analyst startup Wobby builds an integrated data insight pipeline positioning the company at the centre of the AI transformation.
About HCLSoftware and HCLTech
HCLSoftware is a products division of HCLTech, one of India’s largest global IT services companies having estimated revenues of $13.8 billion in FY25. HCLTech is spread across 60 countries in financial services, manufacturing, healthcare, telecommunications, retail and public services (IDP software).
HCLSoftware contributes over $1 billion in annual recurring revenue (ARR) and represents around 10% of HCLTech’s total revenue highlighting a strategic growth. In late 2025, HCLTech spent $400 million on acquisitions in a single week, in Jaspersoft, Wobby and HPE’s telecommunications, highlighting the need to strengthen AI and data infrastructure (IDP Software).
HCLSoftware follows a “Build-Buy-Ally” model that combines innovation, acquisitions and partnerships to improve on platform capabilities. This model highlights its recent acquisition and HCL AI strategy.
Two Acquisition One Strategy
HCLSoftware’s acquisition of Jaspersoft and Wobby is more about AI capabilities, but a strategy move to strengthen its AI capabilities.
Jaspersoft’s Embedded Analytics
In December 2025, HCLSoftware announced the acquisition of Jaspersoft from cloud software for $240 million to build an embedded analytics platform. It provides reporting and analytical tools used in regulated industries such as finance, healthcare and telecommunications. The platform enables enterprises to integrate analytics directly into various applications that help in real-time decision making.
Wobby’s Agentic AI
HCLSoftware announced its acquisition of Belgian startup wobby for around €4.5 million ($5.3 million) extending its AI-driven data analysis platform (ICICI Direct).
Wobby’s technology integrates natural language into enterprise data, automating complex workflows and delivering insight instantly. This has helped HCLSoftware in strengthening its Actian Data Intelligence Platform and accelerates enterprise GenAI adoption.
Jaspersoft and Wobby together signal towards a shift from analytical dashboards to autonomous, AI data intelligence systems seeking real-time decision making.
Why This Matters For CXOs
HCLSoftware’s acquisition highlights a strategic decision that AI value creation depends on data infrastructure:
- Siloed to Unified Intelligence Platforms
Enterprise data remains fragmented between cloud platforms, legacy systems, and business units. Embedded analytics and agentic AI combine this data into a governed model enabling large-scale implementation in enterprises.
- Targeted Dashboard to Autonomous Models
Agentic AI tools move beyond descriptive analytics to autonomous decision making, enabling real-time business operations.
- Experimental to Operational AI
Embedded analytics and AI agents help overcome the challenges of AI implementation at scale.
For CXOs, this shift enables faster decision cycles, minimises operational risk and autonomous AI business models.
Implications for Enterprise Leaders
1. Embedded Analytics as Default Infrastructure
Analytics into enterprise operations enables real-time insights, thereby reducing dependency on standalone BI platforms.
2. Agentic AI Redefines Enterprise AI Infrastructure
AI agents reduce manual efforts to evenly distribute data access and improve on business workflows.
3. Data Governance as Foundation of GenAI
Wobby’s integration highlights the need of governed data for reliable AI insights.
4. M&A as AI Accelerator
Strategic acquisitions enable enterprises to reduce development costs and build AI readiness platforms.
5. Software Enabled Growth Models
HCLSoftware’s growing ARR reflects a broad shift among IT companies towards software platforms and revenue models.
Conclusion
HCLSoftware’s twin acquisitions of Jaspersoft and Wobby points towards a strategic move that AI leadership is built on data intelligence platforms. HCLSoftware is positioning itself as a leader in enterprise AI transformation by strengthening embedded analytics and agentic AI models.
For CXOs, AI strategy is part of enterprises strategy, platform strategy and M&A strategy. Enterprises that invest in data intelligence platforms will improve on decision making cycles, operational efficiency and innovation led by AI.
Enterprises have shifted from pilot programs to large scale implementation, HCLSoftware’s approach provides a roadmap of building smart data with AI needed for the next generation of digital evolution.
For enterprise leaders, developing a smart data and analytics platform requires more than infrastructure but strategic implementation across data, cloud, cybersecurity, and governance. With the right strategy, infrastructure and execution partner, enterprises can turn AI into sustained competitive advantage.
JMC partners with organizations to define enterprise AI and data strategies aligned with business outcome and building data infrastructure that integrates an analytics platform combining cloud computing and AI pipelines. JMC helps leaders design, build, and scale AI that provides measurable insights.
Is your organization developing an AI-ready strategy to move from experimentation to enterprise-scale impact?
