HCL Technologies buys Datawave, UK-based data management platform
HCL Technologies, the multinational IT services company based in India, has acquired UK-based data management platform, Datawave, for around £7 million, it said.
Datawave, formerly known as ETL Factory, enables users to execute large-scale and complex data-integration and data-migration projects by creating a data automation platform.
Anand Birje, vice president and head of digital and analytics at HCL, said: “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.”
According to Rahul Singh, HCL's president and head of financial services, the acquisition will assist HCL’s clients on data transformation projects by incorporating a DevOps approach, improving: "HCL's capabilities to collaborate with clients on their mission-critical data transformation projects". The deals will also: "Bring in significant banking industry expertise," HCL added.