HCL Tech acquires UK's ETL Factory to boost data services

ETL Factory created a platform for large scale, complex data migration, and data integration

HCL Technologies announced that it will buy UK-based ETL Factory Ltd, which does business as Datawave, for 7 million pounds (Rs 58.5 crore) to strengthen its data migration and integration services.

ETL Factory has created an innovative data automation platform which enables enterprise customers to do large scale, complex data migration and data integration projects easily, said the Noida-based IT services firm in a statement.

Datawave is ETL Factory's flagship product.

"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