HCLSoftware — the software division of HCL technology — is significantly bolstering its data management capabilities through the acquisition of Zeenea. Zeenea SAS is a France-based software company, which HCLSoftware is planning to acquire for 24 million euros in an all-cash transaction.
Zeenea is a prominent French technology player in metadata management and governance solutions. The company has made significant strides in helping organizations unlock the value of their data through intelligent discovery and management. This strategic move positions HCLSoftware as a comprehensive provider of data intelligence solutions, catering to the growing demand for robust data management strategies across enterprises.
HCLSoftware’s Actian Data Platform will level up by integrating Zeenea’s advanced metadata management capabilities. This combination will empower organizations to effectively discover, understand, and govern their data assets, driving improved decision-making and accelerating digital transformation initiatives.
Founded in 2017, Zeenea has subsidiaries in the US and Belgium. Their intelligent data discovery platform, fueled by a sophisticated knowledge graph, offers organizations a holistic view of their data landscape. By incorporating this technology, HCLSoftware aims to democratize data access and enable businesses to extract maximum value from their data assets. At the end of December 2023, the revenue reported by Zeenea was Euro 2.6 million.
The acquisition underscores HCLSoftware’s commitment to providing end-to-end data management solutions that address the complex challenges faced by enterprises in today’s data-driven world. By combining the strengths of both companies, HCLSoftware is poised to become a leading player in the data intelligence market.
The deal is expected to happen sometime around September 2024.
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HCLSoftware is offering a comprehensive suite of solutions to address the evolving needs of businesses worldwide. With a strong focus on innovation and customer-centricity, HCLSoftware has established itself as a trusted partner for organizations seeking to accelerate their digital transformation journeys. Some of their key products include HCL Commerce Cloud, HCL BigFix, HCL Domino, and HCL Actian.
