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HCL Technologies, the fourth largest software services firm of the country, has agreed to acquire UK based ETL Factory Limited for 7 million pounds.
HCL has said in a regulatory filing that the total cash consideration for this transaction is up to 7 million pounds, including contingent payments subject to certain financial milestones.
It further said that “This acquisition would be a strategic play for the company’s digital and analytics practice. It would enhance digital analytics capabilities in data management and bolster overall data analytics offering in the financial services vertical of the company.”
