HCL Acquires Automation–Driven Data Management Platform to Help Clients Accelerate Data Integration and Migration
Wednesday, 6 September 2017 () *Business Wire India* 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 to 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 *Anand Birje, 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 a 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 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.
Businesses are more keen than ever to unlock the power of their data, but often struggle to come up with a strategic approach. Cloud data management company... betanews - TechnologyAlso reported by •Business Wire