HCLTech announced late Thursday that it has completed the acquisition of Paris-based software company Zeenea SAS, valued at $26.5 million (23.9 million euros), according to a BSE filing. This marks the company’s second acquisition in the first half of the current fiscal year. In May, the IT giant revealed plans to acquire select assets of Hewlett Packard Enterprise’s (HPE) Communications Technology Group (CTG) for $225 million (approximately Rs 1,874 crore).

The acquisition of Zeenea, which specializes in data catalog and governance solutions, was initially announced by HCLTech in August 2024. This strategic move aims to strengthen HCL’s data and analytics business (Actian).

HCL Software, which accounts for about 10% of HCLTech’s total revenue, reported the highest segment margins at 20.5% in the first quarter of this fiscal year. The company operates across three business segments: HCL Software, Engineering and Research & Development, and IT and Business Services.

In another recent development, HCL Software was selected by the State Bank of India to automate its digital marketing program. The bank will implement the HCL Unica martech platform to enhance its customer interaction framework, delivering hyper-personalized experiences while ensuring data privacy.