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HCL Technologies Acquires Datawave
September 20, 2017
HCL Technologies has agreed to buy ETL Factory Limited, doing business as Datawave, a UK–based company that has created a 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 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. Datawave’s automation solutions will significantly help our clients accelerate their digital journey through a robust data architecture,” said Anand Birje, Corporate VP and Head – Digital & Analytics, HCL Technologies.
“The synergies between Datawave’s customer-centric, enterprise data integration platform and HCL’s technology leadership and deep engineering capabilities will deliver unparalleled value to our clients,” said Mark Butterworth, CEO, Datawave.
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