IT firm HCL acquires Starschema
Global IT services firm HCL Technologies disclosed its signing of a definitive agreement to acquire Hungary-based data engineering services provider Starschema.
According to HCL, this strategic acquisition will bolster the company’s capability in digital engineering and increase its presence in Central and Eastern Europe.
The India-based tech company added that the “acquisition combines Starschema’s high-value capabilities and data-focused expertise with HCL’s existing presence in industry segments undergoing data-driven transformation.”
Commenting on the deal, HCL Technologies Engineering and R&D Services President Vijay Guntur said that “Starschema offers a specialized talent pool in a strategic growth area for HCL.”
He added that “following the acquisition, HCL will be able to offer data engineering consulting and near-shore access to digital engineering services to a wide base of clients.”
Meanwhile, Starschema Founder and CEO Tamas Foldi stated that the partnership will help them keep their “strategic focus” and expand their data engineering capacity.
The acquisition is subject to regulatory clearance from the Hungarian Ministry of Innovation and Technology. It is expected to be finished by March 2022.
