PE Fund Investments
HCL Tech to acquire Hungarian IT services firm Starschema for $42.5 M
Noida-based, publicly listed HCL Technologies Ltd is to acquire a 100% stake in Starschema, a Budapest, Hungary-based provider of data engineering services, for USD 42.5 million. The acquisition is expected to bolster HCL's capability in digital engineering and increase its presence in Central and Eastern Europe. Starschema provides consulting, technology and managed services in data engineering to Global 2000 companies in the US and Europe. It had reported revenues of USD 13.6 million for the year ended December 31, 2020.
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