Mumbai, India – Hexaware Technologies, a leading global provider of IT services, has announced a significant strategic move to strengthen its foothold in India's burgeoning Global Capability Centre (GCC) market. The company has acquired Tech SMC Square India Private Limited and Tech SMCSquared (GCC) India Private Limited for a total consideration of up to USD 120 million.

This acquisition is set to bolster Hexaware's capabilities and expand its offerings within the GCC segment, a rapidly growing area in India's technology landscape. The integration of Tech SMC Square's expertise is expected to enhance Hexaware's ability to serve its global clients more efficiently and innovate within the IT services domain.

The move underscores Hexaware's commitment to strategic growth and its recognition of India's pivotal role as a hub for global technology operations. This expansion is anticipated to create new opportunities and further solidify Hexaware's competitive position in the global IT services market.