Hexaware Technologies Limited — Important, 17-07-2025: Updates

Hexaware has acquired SMC Squared, a leader in establishing Global Capability Centers (GCCs). This strategic move launches Hexaware's new GCC 2.0 service line, aiming to combine SMC's expertise with Hexaware's platform-led delivery for advanced AI and digital innovation. SMC Squared, with CY'24 revenues of approximately ₹18.26 Cr, operates via managed services and build-optimize-transfer models. The acquisition deal is valued at ₹747 Cr, plus a potential ₹249 Cr outperformance bonus, all in cash. This acquisition is set to unlock significant growth and synergy potential, enhancing Hexaware's capabilities in the booming GCC market.