HCL Technologies (HCL) has acquired 100% stake in ETL Factory, 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 total cash consideration for this transaction is up to 7 million pounds, including contingent payments subject to certain financial milestones.
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.
HCL Technologies is a software solutions company. Its services include application development, management, business process outsourcing, business analytical services, information technology infrastructure management, business assurance and testing, cloud computing, customer relationship management, mechanical engineering, network services, supply chain management, and system integration services.