HCLSoftware, the software business division of HCLTech, has announced its intent to acquire Wobby, an early-stage startup based in Belgium that provides AI Data Analyst 'Agents' for data warehouses. This acquisition aims to enhance clients' value realization from GenAI by incorporating AI data analyst capabilities into HCLSoftware's offerings. Wobby's solution allows users to query complex datasets using natural language and receive instant, actionable insights. It is powered by a proprietary semantic layer and agentic architecture that interprets business context, automates workflows, and delivers analytical output at scale. This complements the Actian Data Intelligence Platform by HCLSoftware's Data & AI division. The acquisition is expected to close by February 2026. The total purchase price is €4.5 million, with €3.0 million payable at closing and €0.75 million each on the first and second anniversaries of closing. The transaction will be paid in cash, and it is not a related party transaction. Belgian foreign direct investment (FDI) approval is required. For the year ended December 31, 2024, Wobby reported revenues of EUR 0.1 million and a net worth of EUR 1.0 million, with a PAT of EUR -0.3 million. The acquisition is expected to strengthen HCLSoftware's position in the Artificial Intelligence (AI) software market by enabling self-service analytics and scaling GenAI initiatives.
