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Hexaware’s ₹1,029 Crore Bet on GCC Growth: Acquires SMC Squared to Expand Global Footprint


Updated: July 17, 2025 11:06

Image Source : Fresher Openings
Hexaware Technologies has announced the acquisition of Tech SMC Square India and Tech SMCSquared (GCC) India in an allcash deal worth ₹1,029 crore, marking a strategic leap into the booming Global Capability Center (GCC) segment.
 
Key highlights:
  • The deal includes an upfront payout of $45 million, with additional performancebased earnouts.
  • SMC Squared brings 500 employees, delivery centers in Bengaluru and Hyderabad, and a strong US market presence.
  • The acquisition strengthens Hexaware’s GCC 2.0 service line, blending AI, cloud, analytics, and enterprise platforms.
Strategic impact:
  • Hexaware gains proven GCC setup and operations expertise, enabling endtoend transformation solutions.
  • The move positions Hexaware to capitalize on India’s midmarket GCC segment, projected to exceed $100 billion by 2030.
  • The acquisition enhances Hexaware’s ability to attract toptier tech talent and scale globally.
Sources: Moneycontrol, Business Standard, CNBC TV18, NewsBytes, Business Today.

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