Global IT services firm HCL Technologies (HCLTECH:NSI) announced that its HCLSoftware division plans to acquire Zeenea, a Paris-based firm, in an all-cash transaction.

Zeenea provides a data discovery platform that supports metadata management.

The deal is expected to close in September. Total enterprise valuation in the deal is €24 million.

“Metadata management is becoming critical for our customers to accelerate their GenAI initiatives across business functions,” said Kalyan Kumar, chief product officer at 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.”

Zeenea had revenue of €2.6 million in 2023. The company also has subsidiaries in Belgium and the US.