HCL Technologies (HCL) have signed a definitive agreement to acquire Budapest-based Starschem. The firm provides technology, consulting, and managed services in data engineering to the Global 2000 companies in the US and Europe. The acquisition is expected to bolster HCL’s capability in digital engineering, and expand its footprint in Central and Eastern Europe.
Vijay Guntur, President, Engineering and R&D Services, HCL Technologies said, “Starschema’s capabilities will further scale HCL’s data engineering competencies at our integrated delivery centers across the world. Engineering talent will continue to remain in high demand, and Starschema offers a specialized talent pool in a strategic growth area for HCL. 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.”
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The transaction is subject to regulatory clearance from the Hungarian Ministry of Innovation and Technology and is expected to close in March 2022.
Tamas Foldi, Founder and CEO, Starschema said, “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. This strategic move also represents exemplary career growth opportunities for our people.”