HCLSoftware Announces Intent to Acquire Metadata Management Software Provider Zeenea
HCLSoftware, the
software business division of HCLTech, announced its intent to acquire
Zeenea, an innovator in data catalog and governance solutions based in Paris,
France. HCLSoftware will enhance its Data & Analytics business (Actian)
through this acquisition. The HCLSoftware Actian Data Platform has seen strong
growth in Hybrid Data Management and Integration over the last few years.
Adding metadata management, data catalog and governance capabilities will enable
customers to consume these capabilities of the data platform.
Zeenea provides an
intelligent data discovery platform that supports metadata management
applications from search and exploration to data catalog, lineage, governance,
compliance and enterprise data marketplace. Zeenea is powered by an adaptive
knowledge graph that enables organizations to democratize data access and
generate a 360-degree view of their assets and the relationships between them.
"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."
"Organizations
demand an integrated and holistic approach to data management," said Marc
Potter, CEO of Actian & Portfolio General Manager of HCLSoftware's Data
& Analytics business. "Zeenea's data catalogue and governance
capabilities will extend our portfolio to offer a comprehensive, single-vendor
solution to meet all the data needs of today's data driven enterprises."
"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 catalogue and enterprise data
marketplace will offer customers a tailored approach to data management." The
acquisition is expected to close in September 2024.
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