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12:48 pm - Wednesday November 22, 2017

HCL Tech acquires entire stake in ETL Factory

Agencies, Mumbai

HCL Technologies (HCL), a leading global IT services company, has agreed to buy ETL Factory Limited, doing business as Datawave, a UK-based company that has created an innovative data automation platform which enables enterprise customers execute large scale, complex data-migration and data-integration projects in a leaner, faster and smarter way.

The flagship product Datawave, won the Informatica Innovation Award and is also extendable to other platforms, including big data.

”The acquisition of Datawave and its suite of products bolsters HCL’s capabilities to collaborate with clients on their mission-critical data transformation projects, incorporating a culture of DevOps and continuous integration,” said Rahul Singh, President and Head, Financial Services, HCL Technologies. ”Datawave also brings in significant banking industry expertise.”

”In a recent market study done by HCL, 81% of organizations said they were overwhelmed with the volume and variety of data needed to drive digital transformation.

Posted in: Business

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