HCL Technologies gains on acquiring entire stake in ETL Factory

06 Sep 2017

HCL Technologies is currently trading at Rs. 864.30, up by 5.15 points or 0.60% from its previous closing of Rs. 859.15 on the BSE.

The scrip opened at Rs. 868.00 and has touched a high and low of Rs. 868.00 and Rs. 862.00 respectively. So far 3,114 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 926.00 on 27-Jul-2017 and a 52 week low of Rs. 731.05 on 15-Nov-2016.

Last one week high and low of the scrip stood at Rs. 871.30 and Rs. 840.60 respectively. The current market cap of the company is Rs. 1,20,309.00 crore.

The promoters holding in the company stood at 59.68%, while Institutions and Non-Institutions held 35.79% and 4.54% respectively.

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.


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