Hexaware wins $ 177 mn deal

BANGALORE: Mid sized IT firm Hexaware Technologies Limited has secured a large contract worth potentially $ 177 million over a five-year term.

Hexaware has been associated with this United States-headquartered multi-national corporation for several years, and with this deal further increases its share of wallet with the client, the company said in a statement on Monday.

Through this contract, the company has a potential $ 100 million worth incremental business while extending existing business worth another $ 77 million over the course of the five-year agreement, company executives said.

As a part of this engagement, Hexaware will continue offering services to this customer that cut across Enterprise Solutions ( ERP), Business Intelligence / Business Analytics (BI / BA), Quality Assurance and Testing Services (QATS) Business Process Outsourcing (BPO) and Application Management Services. While it is an existing Customer for Hexaware, this client also is a leading BusinessProcess Outsourcing (BPO) client for Caliber Point Business Solutions, a 100% wholly owned subsidiary of Hexaware Technologies Limited.

Under this contract, Hexaware is expected to ramp the team up to a peak size of 600+ personnel operating under Dedicated Global Delivery Centers. Company expects the ramp-up of the execution team to happen over the next four- to- six quarters.

“This is our third large deal signed in the past three months. A deal of this magnitude was won on the back of our dominant position in multiple technology platforms,” said P R Chandrasekar, CEO & Vice Chairman, Hexaware.