Hexaware Technologies bags Infrastructure Management contract of over $25 million

Mid sized IT firm Hexaware Technologies Limited has bagged a 3-year Remote Infrastructure Management ( IMS) contract worth more than $ 25 million from an existing client. The annuity deal, will increase its share revenues from this existing client.

Hexaware will manage all aspects of infrastructure support for this client whose footprint covers the America, Europe and Asia Pacific regions. The company expects to deploy 150+ employees on this engagement globally.

Ramanan Seshadri, Senior Vice President and Head- Eurpoe Operatinos, Hexaware Technologies said, “From the beginning of 2011, the revenue growth in Europe region has picked up and this creditable win adds to the growth momentum. This engagement provides us with a platform to strengthen our European operations further. Ability to win such a large deal against stiff competition in Remote IMS demonstrates Hexaware’s competence and strength in its focus areas.”

Hexaware has been investing in improving its remote IMS as a horizontal service line since 2009. Significant component of a deal worth $ 110 mn signed last year was in the IMS space. This horizontal currently caters to 15 clients across the world. With a team size of over 150 employees to be deployed globally with this project, Hexaware’s IMS practice will have over 500 employees.

Over the last two quarters, Hexaware has witnessed a spurt in the activity levels in Europe and added eight new logos to the client roster.