Hexaware signed a $177 million deal with US entity

Published: Tuesday, July 19, 2011, 11:36 [IST]

Mumbai-based Hexaware Technologies, a leading IT and BPO service provider company, triumphed a deal of $177 million (Rs 800 crore) from its US client.

Hexaware Technologies, a mid-sized IT solutions company has 180 clients under its canopy and it provides software services in airlines, health-care, insurance, banking and financial services sectors. The company is currently assessed as a CMMI level 5 company and since 2005, NASSCOM has ranked Hexaware as India's 11th IT company in list of top 20.

The company signed a five-year contract for $177 million with its existing client in the United States, though they did not disclose the identity of the client but said that they won the project in the multi-vendor scenario. The company is in business terms with this leading US client for several years.

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 officials said.

“This is our third large deal signed in the past three months," said P. R. Chandrasekar, CEO & Vice-Chairman, Hexaware Technologies.

The project involves infrastructure management and business process outsourcing. As part of the engagement, Hexaware will continue to offer services to this strategic customer and these cut across several horizontals including enterprise solutions, business intelligence / business analytics, quality assurance and testing services, business process outsourcing and application management services.

The company expects to ramp up the delivery team, to peak size of over 600, over the next four-six quarters, Rajiv Pant said.

OneIndia Money

Story first published: Tuesday, July 19, 2011, 11:36 [IST]

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