HCL Technologies will acquire a Hungarian company
Mumbai, Jan 14 (UNI) Global technology company HCL Technologies (HCL) announced on Friday that it has signed a definitive agreement to acquire Starschema, a leading provider of data engineering services, based in Budapest, in Hungary, for $42.5 million.
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 regulatory filing.
Starschema provides data engineering consulting, technology and managed services to Global 2000 companies in the United States 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.
“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. 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 employees,” said Starschema Founder and CEO Tamas Foldi.
Additionally, 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, Vijay Guntur, President of Engineering and R&D Services at HCL Technologies, said, “Starschema will strengthen our data engineering capabilities, allowing us to leverage its solutions and talent in Central and eastern. Starschema’s capabilities will further develop HCL’s data engineering skills in our integrated delivery centers around the world. »
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