HCLTech’s software division HCLSoftware has entered into an agreement to fully acquire Zeenea, a French data catalog and governance solutions provider, for EUR 24 million (approximately Rs 220 crore).
The acquisition is being executed through HCL Technologies UK Ltd, a wholly owned subsidiary of HCLTech, and is anticipated to close by September. This strategic acquisition is expected to improve HCLSoftware’s data and analytics business, particularly its Actian data platform, which has shown strong growth in hybrid data management and integration in recent years.
By incorporating Zeenea’s capabilities in metadata management, data cataloging and governance, HCLSoftware expects to accelerate the GenAI and Data Engineering initiatives of its customers.
“Metadata management is becoming critical for our customers to accelerate their GenAI initiatives across business functions,” said Kalyan Kumar, Chief Product Officer, HCLSoftware.
“Zeenea will further accelerate the growth in the data and analytics space for HCLSoftware. It will enable HCLSoftware to offer a unified data intelligence solution that will power enterprises to discover, govern, connect, manage and better leverage data in their data engineering and GenAI journeys,” he added.
Zeenea was founded in 2017 and headquartered in Paris, with subsidiaries in Belgium and the United States. It offers an intelligent data discovery platform that supports a wide range of metadata management applications, including data cataloging, lineage, governance and compliance. The company’s revenues have shown consistent growth, with earnings reported at EUR 2.6 million in 2023, EUR 1.8 million in 2022 and EUR 1 million in 2021.
"Incorporating Zeenea’s capabilities with HCLSoftware will deliver a differentiated solution for customers,” said Luc Legardeur, CEO and Co-founder, Zeenea.
“Combining HCLSoftware data analytics, database and data management solutions with our knowledge graph, data catalog and enterprise data marketplace will offer customers a tailored approach to data management,” Legardeur added.
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