Hexaware Technologies to amass SMC Squared in a money deal of 120 million to up its GCC play

Regarding the acquisition, Hexaware said that India remained a strategic development marketplace for the corporate. The Global Capability Center (GCC) section was experiencing exponential development within the nation, with the market projected to exceed $100 billion by 2030. “This presents a big alternative for Hexaware to broaden its footprint and deepen its capabilities on this area,’‘ it stated within the submitting.

By buying SMC, Hexaware would achieve established GCC experience by way of SMC’s confirmed playbook and relationships within the mid-market GCC section, and the buyout was additionally anticipated to reinforce its go-to-market technique, it stated on BSE.

SMC has a complete workforce of round 500 staff, with workplaces in India and supply facilities in India, in Bengaluru and Hyderabad.

“Our shoppers are more and more searching for GCC companions who carry greater than staffing or infrastructure,” stated Amrinder Singh, President & Head – EMEA & APAC Operations, Hexaware. “With SMC Squared, we achieve confirmed governance, supply credibility, and scale in areas the place execution energy is non-negotiable. This acquisition permits us to ship long-term worth to enterprises, leveraging our human and digital agent-driven mannequin and proprietary IT supply platforms.”

The acquisition was a strategic step in Hexaware’s mission to ship future-proof GCC options that transcend value effectivity, anchored in a mixed human and digital agent-driven mannequin, it stated in a communique.