HCL acquires UK-based data automation platform Datawave

HCL Technologies on Wednesday announced the acquisition of automation-driven data management platform Datawave for an undisclosed amount.

Datawave is 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. It 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 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, added Singh.

In a recent market study done by HCL, 81 percent of organizations said they were overwhelmed with the volume and variety of data needed to drive digital transformation, said Anand Birje, corporate vice president and head – digital & analytics, HCL Technologies.

"Datawave’s automation solutions will significantly help our clients accelerate their digital journey through a robust data architecture,” he added. The company however, did not provide any financial details of the acquisition.