Mumbai, Jan 14 (UNI) Global technology company HCL Technologies (HCL) on Friday said it has signed a definitive agreement for the acquisition of Starschema, a leading provider of data engineering services, based in Budapest, Hungary, for $42.5 million
The strategic acquisition will bolster HCL’s capability in digital engineering, driven by data engineering, and increase its presence in central and eastern Europe, the company said in a regulatory filing.
Starschema provides consulting, technology and managed services in data engineering to Global 2000 companies in the US and Europe.
The acquisition combines Starschema’s high-value capabilities and data-focused expertise with HCL’s existing presence in industry segments undergoing data-driven transformation.
“Joining HCL will enable us to keep our strategic focus and expand our data engineering capacity to provide a greater breadth and depth of services to clients. As part of HCL’s full spectrum of technology services, we will leverage our expertise in data engineering and emerging data technologies to solve companies’ data challenges, through building fast, scalable solutions that make people more effective and companies more profitable. This strategic move also represents exemplary career growth opportunities for our people,” Starschema Founder and CEO Tamas Foldi said.
In addition, HCL will strengthen its position in data engineering, which is an integral part of the company’s digital engineering capabilities and next-generation offerings, the company said.
Commenting on the development, HCL Technologies President, Engineering and R&D Services Vijay Guntur said: “Starschema will strengthen our data engineering capabilities, providing us with the ability to leverage its solutions and talent in Central and Eastern Europe. Starschema’s capabilities will further scale HCL’s data engineering competencies at our integrated delivery centers across the world.”
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