Starschema, a Hungarian data engineering services company, is being acquired by HCL Technologies for an undisclosed sum.
According to HCL, in addition to enhancing its capabilities in digital engineering, the acquisition will increase HCL’s presence in Central and Eastern Europe and will help the company to gain a stronger foothold in data engineering in the region as well.
As a result of the acquisition, HCL will benefit from Starschema’s expertise in digital capabilities, as well as its market presence in industries undergoing data-driven transformation. Moreover, the company’s digital engineering capacity will be strengthened through the integration with enhanced data-engineering technology from Starschema.
While responding to the acquisition, Tamas Foldi, Founder and CEO, Starschema said that through the affiliation with HCL, Starschema will be able to maintain a strategic focus while expanding data engineering capabilities to provide clients with a more comprehensive range of services.
The strategic move is expected to provide more career and growth opportunities for people. Data challenges in companies can be solved through developing agile, scalable and innovative solutions to encourage people and companies to be more effective and profitable. Starschema’s data engineering and innovative data technologies can contribute much in this regard – Mr Foldi added.
According to Vijay Guntur, President, Engineering and R&D Services, HCL Tech, the data engineering expertise of HCL will be further augmented by StarSchema’s capabilities across the global, integrated delivery centres. In the coming years, as the need for engineering talent grows, Starschema will continue to provide HCL with specialized talent in its strategic growth areas. As a result of this acquisition, HCL has been enabled to provide data engineering consulting and access to digital engineering services near-shore, to a wide range of clients.
HCL will be able to leverage its talent and solutions in Central and Eastern parts of Europe, as part of the data engineering technology enabled by Starschema – Vijay added.
Starschema provides data virtualization, enabling clients to gather data from external sources and integrate it into existing databases in real-time. The clients can then provide advanced advice and assistance to their customers.
At Starschema, innovative solutions are created using cutting-edge technologies. Their services include data warehousing, big data services and business intelligence services. Currently, Starschema is partnered with Tableau, Microsoft, AWS, Mapbox, HVR and Snowflake to offer digital services.
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