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HCL acquires Hungarian data engineering specialist

HCL acquires Hungarian data engineering specialist

Global IT services firm HCL Technologies is acquiring Hungary's Starschema, a provider of data engineering services to companies across Europe and the US.

Starschema provides consulting, technology and managed services, and its capabilities will be combined with HCL’s business reach in industry segments undergoing data-driven transformation.

“Joining HCL will enable us to keep our strategic focus and expand our data engineering capacity to provide a greater breadth and depth of services to clients,” said Tamas Foldi, founder and CEO of Starschema. “As part of HCL’s full spectrum of technology services, we will leverage our expertise in data engineering and emerging data technologies to solve companies’ data challenges, through building fast, scalable solutions that make people more effective and companies more profitable.”

“Starschema will strengthen our data engineering capabilities, providing us with the ability to leverage its solutions and talent in Central and Eastern Europe,” said Vijay Guntur, president of engineering and R&D services at HCL Technologies. “Starschema’s capabilities will further scale HCL’s data engineering competencies at our integrated delivery centres across the world.”

Following the acquisition, he said, HCL will be able to offer data engineering consulting and near-shore access to digital engineering services to a wide base of clients.

The transaction is subject to regulatory clearance from the Hungarian Ministry of Innovation and Technology, and is expected to close in March 2022.

Last month, it was announced that HCL was partnering with cooperative bank apoBank to acquire IT consulting and managed services firm gbs from the Atruvia group. gbs is a specialist in Germany's financial services sector.