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:
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The deal includes an upfront payout of $45 million, with additional performancebased earnouts.
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SMC Squared brings 500 employees, delivery centers in Bengaluru and Hyderabad, and a strong US market presence.
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The acquisition strengthens Hexaware’s GCC 2.0 service line, blending AI, cloud, analytics, and enterprise platforms.
Strategic impact:
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Hexaware gains proven GCC setup and operations expertise, enabling endtoend transformation solutions.
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The move positions Hexaware to capitalize on India’s midmarket GCC segment, projected to exceed $100 billion by 2030.
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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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