HCL Technologies has successfully completed the acquisition of Jaspersoft from Cloud Software Group.
Additionally, the company has signed a strategic partnership with a Europe-based Fortune Global 50 firm to implement an AI-driven operating model for transforming and managing their global digital workplace and enterprise networks.
HCL Technologies announced the completion of its acquisition of Jaspersoft, a business unit of Cloud Software Group, on July 2, 2026, at 7:25 pm IST.
The acquisition was initially communicated in a letter dated December 22, 2025. The deemed effective date of the acquisition is July 1, 2026.
On July 3, 2026, HCL Technologies disclosed a strategic partnership with a Europe-headquartered Fortune Global 50 firm.
The partnership aims to establish an AI-driven operating model to transform and manage the firm's global digital workplace and enterprise networks.
The initial term of the agreement spans from July 2026 to December 2031, with an option to extend for an additional 5 years.
The estimated value of this agreement is $1.14 billion, marking it as a net new business for HCL Technologies.
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The strategic partnership agreement, valued at $1.14 billion, is set to commence in July 2026 and run through December 2031.
The agreement is extendable for a further 5 years, showcasing a long-term commitment between the two companies. The collaboration focuses on leveraging AI to enhance the digital workplace and enterprise networks of the Fortune Global 50 firm.
As of July 03, 2026, at 10:49 AM, HCL Technologies share price on NSE was trading at ₹1,130.50, up by 4.86% from the previous closing price.
HCL Technologies has completed the acquisition of Jaspersoft and entered a $1.14 billion strategic partnership with a Fortune Global 50 firm. The partnership aims to transform digital workplaces and enterprise networks using AI, with an initial term from July 2026 to December 2031.
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Published on: Jul 3, 2026, 1:01 PM IST
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