HCL Tech acquires Hungarian data engineering services company Starschema
HCL Technologies (HCL) today announced that it has signed a definitive agreement to acquire Hungarian data engineering services company Starschema for an undisclosed amount.
“The strategic acquisition will strengthen HCL’s capability in digital engineering – driven by data engineering – and increase its presence in Central and Eastern Europe,” the company said in a filing.
Starschema provides data engineering consulting, technology and managed services to 2,000 global enterprises in the US and Europe.
The acquisition combines Starschema’s high-value capabilities and data-driven expertise with HCL’s existing presence in industry segments undergoing data-driven transformation. Additionally, HCL will strengthen its position in data engineering, which is an integral part of the company’s digital engineering.
next-generation capabilities and offerings, the company added.
“Joining HCL will allow us to maintain our strategic focus and expand our data engineering capability to provide greater breadth and depth of services to customers,” said Tamas Foldi, Founder and CEO of Starschema.
“As part of HCL’s full suite of technology services, we will leverage our expertise in data engineering and emerging data technologies to solve enterprise data challenges, creating fast, scalable solutions that make people more efficient and more profitable businesses. This strategic move also represents exemplary career growth opportunities for our associates,” Tamas Foldi added.
“Starschema will strengthen our data engineering capabilities, allowing us to leverage its solutions and talent in Central and Eastern Europe,” said Vijay Guntur, President, Engineering and R&D Services, HCL Tech.
“Starschema’s capabilities will further develop HCL’s data engineering skills in our integrated delivery centers around the world. Engineering talent will continue to be in high demand and Starschema offers a pool of specialized talent in a strategic growth area for HCL. Following the acquisition, HCL will be able to offer data engineering consulting and local access to digital engineering services to a broad customer base,” said Vijay.
On Friday, the HCL Tech scrip closed down 0.32% at ₹1,330 on NSE.
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