HCLTech’s subsidiary, HCLSoftware, intends to purchase the entire ownership of Zeenea, a software company based in France, for a valuation of 24 million euros. This acquisition is part of HCLSoftware’s strategy to expand its range of data and analytics services.
HCLTech, the transaction is anticipated to be finalized in September 2024 and will be conducted entirely in cash.
Kalyan Kumar, the Chief Product Officer of HCLSoftware, stated that the acquisition will allow the company to provide a comprehensive data intelligence solution. This solution will empower organizations to efficiently explore, regulate, establish connections, oversee, and maximize the value of data in their data engineering and GenAI endeavors.
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Zeenea is a software business that offers a sophisticated data discovery platform designed to support applications for managing metadata.
Marc Potter, CEO Actian & Portfolio General Manager of HCLSoftware, said: “Zeenea’s data catalog and governance capabilities will extend our portfolio to offer a comprehensive, single-vendor solution to meet all the data needs of today’s data-driven enterprises,”
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