Starschema Acquired By HCL Technologies
Sellside Advisor To Starschema
7 Mile Advisors Announces Starschema Has Been Acquired By HCL Technologies
The strategic acquisition will bolster HCL’s capability in digital engineering, driven by data engineering, and increase its presence in Central and Eastern Europe.
CHARLOTTE, NC – Starschema, a leading provider of data engineering services, based in Budapest, Hungary, signed a definitive agreement with HCL Technologies (HCL), a leading global technology company. Starschema provides consulting, technology, and managed services in data engineering to Global 2000 companies in the U.S. and Europe. 7 Mile Advisors acted as the exclusive sellside advisor to Starschema throughout the transaction.
“This transaction is a great example of the growing interest in Data Engineering services and Snowflake partners with accelerating demand from enterprises to leverage data as an asset,” commented Garth Martin, Vice President at 7 Mile Advisors.
“7 Mile Advisors’ industry-focus made them an excellent partner for Starschema. We appreciated their professionalism and leadership and know the ultimate success of the transaction came down to their industry experience and efficient process,” said Tamas Foldi, CEO of Starschema
The acquisition combines Starschema’s high-value capabilities and data-focused expertise with HCL’s existing presence in industry segments undergoing data-driven transformation. In addition, HCL will strengthen its position in data engineering, which is an integral part of the company’s digital engineering capabilities and next-generation offerings.
“Joining HCL will enable us to keep our strategic focus and expand our data engineering capacity to provide a greater breadth and depth of services to clients,” said Tamas Foldi, Founder and CEO, Starschema. “As part of HCL’s full spectrum of technology services, we will leverage our expertise in data engineering and emerging data technologies to solve companies’ data challenges, through building fast, scalable solutions that make people more effective and companies more profitable. This strategic move also represents exemplary career growth opportunities for our people.”
In the past 12 months, 7 Mile Advisors has completed over $1b in combined transactions in the Digital Transformation ecosystem. The firm’s industry bankers are laser-focused on providing best-in-class advisory services to leading companies across Big Data & Analytics, Digital Engineering, Software Development, Managed Services, and Security. For more information on industry M&A trends and other representative transactions, visit www.7mileadvisors.com.
About 7 Mile Advisors
7 Mile Advisors provides Investment Banking & Advisory Services to the Business Services and Technology Industries globally. 7 Mile Advisors advises on M&A and private capital transactions, and provides market assessments and benchmarking. As a close-knit team with a long history together and a laser focus on our target markets, 7 Mile Advisors helps its clients sell companies, raise capital, grow through acquisitions, and evaluate new markets. All securities transactions are executed by 7M Securities, LLC, member FINRA / SIPC. For more information, including research on the M&A markets, visit www.7mileadvisors.com.