High-end IT solutions provider Mastek today announced the acquisition of Kognitio's data migration offering comprising its Data Factory Tool Kit (DFTK) and data migration methodology.
With over 40 man years of development invested in its software, the DFTK solution provides the technology to support the end-to-end data management environment covering all aspects of data processing in a data migration project.
In addition, Philip Magnall, formerly vice president, platform rationalisation at Kognitio, has joined Mastek as data migration manager, responsible for Mastek's migration projects and consultancy offerings.
This transaction is the latest in Mastek's move towards strengthening its position as an IP-led enterprise solutions provider, with Kognitio's data migration tools and processes embedded at the heart of Mastek's migration centre of excellence.
For Kognitio, which has long been considered the industry leader in data migration for the insurance market, this transaction allows it to refocus its efforts on its data warehousing proposition and safeguard the future stability of the DFTK solution by incorporating it within a large and well-established organisation like Mastek.
''We have already completed the process of embedding the systems and carrying out all necessary knowledge transfer, and the DFTK solution is back in the market with a new home," said Mike Brinsford, global head of insurance, Mastek.
Roger Llewellyn, CEO, Kognitio said,''Mastek has an unrivalled reputation in the insurance software market and by transferring Kognitio's data migration offering to such a well-capitalised company as Mastek we are ensuring its long-term future. We are looking forward to focusing on the next stage of Kognitio's development which lies in the enhancement of our data warehousing proposition."
Kognitio's offering and expertise is centred around four areas - data warehousing and data analytics using Kognitio WX2, business intelligence, data migration and; data warehousing as a service (DaaS)