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Hexaware Technologies announced that its US-based subsidiaries, Mobiquity Velocity Solutions Inc and Mobiquity Inc, will merge into Hexaware Technologies Inc effective January 1, 2026, following approval from the New Jersey Division of Revenue. The move will simplify the group structure, boost operational synergies, and create a unified digital services entity.
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Hexaware Technologies has secured approval from the New Jersey Division of Revenue for merging its wholly owned step-down subsidiaries—Mobiquity Velocity Solutions Inc and Mobiquity Inc—into Hexaware Technologies Inc, a 100% owned subsidiary, effective January 1, 2026. The consolidation aims to streamline operations and improve business efficiency across the digital solutions space.
Key Updates And Highlights
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Mobiquity Velocity Solutions Inc and Mobiquity Inc will merge into Hexaware Technologies Inc.
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Mobiquity Inc reported a turnover of USD 40.08 million; Mobiquity Velocity Solutions had nil turnover.
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Both transferor firms provide mobile technology and omnichannel digital consulting services.
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The amalgamation does not involve cash or share exchange, as all entities are under common ownership.
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The merger is expected to enhance operational efficiency, reduce structural complexities, and drive long-term value for stakeholders.
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No change in shareholding pattern for Hexaware Technologies Ltd post-merger.
Source: Company Announcement to BSE and New Jersey Division of Revenue
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