HCL Technologies (HCL), a leading global IT services company,has agreed to buy ETL Factory Limited, 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 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,” 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 AnandBirje, Corporate Vice President 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. 

About ETL Factory, doing business as ‘Datawave’ 

Datawave is a leading provider of data migration and integration solutions, focused on automation and digital transformation around Informatica and other similar enterprise data management stacks. The product suite accelerates the end-to-end rollout of data integration builds, allowing enterprises to implement rapid, agile data integration projects in a transformative manner. Datawave’s automated delivery software and related-services guarantee code quality and consistency, ensuring massive reduction in development time, testing and costs, as well as huge productivity gains.

Datawave’s next generation Automation solution has been extensively proven at a Tier 1 global bank enabling an impressive 80% reduction in data transformation effort and timeline thereby saving millions of dollars in both project and on-going capex costs. 

About HCL Technologies

HCL Technologies (HCL) is a leading global IT services company that helps global enterprises re–imagine and transform their businesses through Digital technology transformation. HCL operates out of 32 countries and has consolidated revenues of US$ 7.2 billion, for 12 Months ended 30th June, 2017. HCL focuses on providing an integrated portfolio of services underlined by its Mode 1–2–3 growth strategy. Mode 1 encompasses the core services in the areas of Applications, Infrastructure, BPO and Engineering & R&D services, leveraging DRYiCE^TM Autonomics to transform clients’ business and IT landscape, making them ‘lean’ and ‘agile’. Mode 2 focuses on experience–centric and outcome–oriented integrated offerings of Digital & Analytics, IoTWoRKS™, Cloud Native Services and Cybersecurity& GRC services to drive business outcomes and enable enterprise digitalization. Mode 3 focuses on internal IP creation as well as innovative IP–based partnerships to build products and platforms business.

HCL leverages its global network of integrated co-innovation labs and global delivery capabilities to provide holistic multi–service delivery in key industry verticals including Financial Services, Manufacturing, Telecommunications, Media, Publishing, Entertainment, Retail & CPG, Life Sciences & Healthcare, Oil & Gas, Energy & Utilities, Travel, Transportation & Logistics and Government. With 117,781 professionals from diverse nationalities, HCL focuses on creating real value for customers by taking ‘Relationships Beyond the Contract’. For more information, please visit www.hcltech.com 

Forward–looking Statements

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