HCL Technologies Ltd — M&A Activity 2025

Dec 22, 2025

December 22, 2025

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The General Manager The Manager BSE Limited National Stock Exchange of India Limited Listing Department Listing Department Phiroze Jeejeebhoy Towers Exchange Plaza Dalal Street 5th Floor, Plot No. C-1, Block-G Mumbai- 400 001 Bandra-Kurla Complex, Bandra(E) Mumbai-400 051 BSE Scrip Code: 532281 NSE Scrip Code: HCLTECH

– “ ” Subject: Release HCLSoftware to Acquire Jaspersoft from Cloud Software Group.

Dear Sir/Madam,

Enclosed please find a release on the captioned subject being issued by the Company today along with a disclosure in terms of Regulation 30(4) of the SEBI (Listing Obligations and Disclosures Requirements) Regulations 2015.

Details as required to be disclosed as per BSE Circular No. 20230714-34 dated July 14, 2023, and NSE Circular No. NSE /CML/2023/57 dated July 14, 2023, are as under:

1. Date of occurrence of Event / Information: December 22, 2025

2. Time of occurrence of Event/ Information: 11:00 p.m. IST

This is for your information and records.

Yours faithfully, For HCL Technologies Limited

MANISH Digitally signed by MANISH ANAND ANAND Date: 2025.12.22 23:17:15 +05'30'

Manish Anand Company Secretary

Encl.:a/a

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HCL Technologies Ltd. Technology Hub, Special Economic Zone Plot No. 3A, Sector 126, NOIDA– 201304, UP, India t: +91 120 4306000

Corporate Identity Number: L74140DL1991PLC046369 Registered Office: 806 Siddharth, 96, Nehru Place, New Delhi -110009, India

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HCLSoftware to Acquire Jaspersoft from Cloud Software Group

Acquisition will enable HCLSoftware to accelerate Agentic Business Intelligence roadmap of customers by adding embedded analytics and pixel-pe�ect repo�ing capabilities to its Data & AI division

NOIDA and SANTA CLARA, December 22, 2025 – HCLSoftware, the software business division of HCLTech, today announced its intent to acquire Jaspersoft, a business unit of Cloud Software Group and provider of a leading embedded analytics and pixel-pe�ect repo�ing platform.

HCLSoftware’s Data & AI division (Actian) is seeing increased demand for its metadata management, data catalog and data governance solutions and has demonstrated good growth over the last five years, driven by enterprise data management solutions. The acquisition will fu�her enhance Actian’s proposition by enabling 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 the modern enterprise environment.

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

“As GenAI adoption accelerates, our customers want business intelligence solutions that can deliver consistent analytics and repo�s and offer flexibility to fully own the analytics experience,” said Marc Po�er, CEO Actian & Po�folio General Manager of HCLSoftware’s Data & AI division. “With Jaspersoft, Actian will provide seamless AI-powered embedded analytics with strong architectural flexibility, allowing high-volume pixel-pe�ect repo�s and interactive dashboards to be seamlessly integrated into customer-facing applications, driving scalable self-service business intelligence.”

“Jaspersoft has earned the trust of organizations worldwide through its embedded analytics capabilities,” said Steven Schneider, General Manager of Analytics business unit at Cloud Software Group. “We believe HCLSoftware is a strong strategic owner for the business and look forward to Jaspersoft continuing to serve customers under HCLSoftware’s ownership.”

The acquisition is expected to close within six months of signing.

About HCLSoftware

HCLSoftware is a global leader in software innovation, dedicated to powering the Digital+ economy. We develop, market, sell and suppo� transformative solutions that combine and integrate experience, data, and operations, delivering on a bold, AI-driven vision of the Digital+ future. Built on a rich heritage of pioneering spirit and unwavering commitment to customer success, we deliver best-in-class software products that empower organizations to achieve their goals. Our core values of integrity, inclusion, value creation, people-centricity and social responsibility guide everything we do. HCLSoftware serves more than 20,000 organizations including majority of the Fo�une 100 and - almost half of the Fo�une 500. To learn more, visit hcl software.com

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About HCLTech

HCLTech is a global technology company, home to more than 226,600 people across 60 countries, delivering industry-leading capabilities centered around digital, engineering, cloud and AI, powered by a broad po�folio of technology services and products. We work with clients across all major ve�icals, providing industry solutions for Financial Services, Manufacturing, Life Sciences and Healthcare, High Tech, Semiconductor, Telecom and Media, Retail and CPG and Public Services. Consolidated revenues as of 12 months ending September 2025 totaled $14.2 billion. To learn how we can supercharge progress for you, visit hcltech.com.

For fu�her details, please contact:

Jeremy McNeive, HCLSoftware - jeremy.mcneive@hcl software.com

Danielle Lee, Actian, HCLSoftware’s Data and AI division danielle.lee@actian.com

Ashutosh Sharma, HCLTech Ashutosh.sharma@hcltech.com

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- Details of acquisition as required under SEBI Regulations

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1. Name of the target entity, details in brief Purchase of Jaspersoft, a business unit
such as size, turnover etc. of Cloud Software Group (“CSG”) and
provider of a leading embedded
analytics and pixel pe�ect repo�ing
platform.
2 Whether the acquisition would fall within No
related pa�y transaction(s)? and whether
the promoter/ promoter group/ group
companies have any interest in the entity
being acquired?
3 Industry to which the entity being acquired Business Intelligence (BI) software.
belongs.
4 Objects and effects of acquisition Acquisition will enable Actian,
(including but not limited to, disclosure of HCLSoftware’s data division to address
reasons for acquisition of target entity, if its increased demand for its metadata
business is outside the main line of management, data catalog and data
business of the listed entity) governance solutions. This will
accelerate the Agentic Business
Intelligence roadmap of Actian’s
customers by adding embedded
analytics and pixel pe�ect repo�ing
capabilities.
5 Brief details of any Governmental or The acquisition is subject to regulatory
regulatory approvals required for the approvals across countries, including
acquisition. approval from Commi�ee on Foreign
Investment in the United States
(“CFIUS”).
6 Indicative time period for completion of the Within 6 months from signing.
acquisition
7 Nature of consideration - whether cash 100% cash consideration.
consideration or share swap or any other
form and details of the same.
8 Cost of acquisition or the price at which the Total Purchase price of US$240 million.
shares are acquired
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9 Percentage of shareholding / control Acquisition is buyout of a division and
acquired and / or number of shares does not involve purchase of shares.
acquired. The deal is structured as an Asset
carve-out.
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10	Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years’ turnover, Country in which the acquired entity has presence and any other significant information (in brief).	Jaspersoft provides a comprehensive business intelligence and repo�ing platform that enables organizations to offer interactive dashboards and advanced visualizations. Jaspersoft has approximately 115 employees globally who will transfer to HCLSoftware. Since this transaction pe�ains to the purchase of a set of assets, and is not an acquisition of an entity, the date of incorporation, disclosure of 3 years turnover, would not be applicable.

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