Hexaware Acquires Consulting professionals Services to Strengthen AI and Cloud Transformation Capabilities
HEXT · price
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Hexaware Technologies, a listed IT services company (NSE: HEXT, BSE: 544362), has entered into an agreement to acquire Consulting Professionals Services Holdings Limited and its wholly owned subsidiary CPS (Consulting Professionals Services Limited). The transaction is expected to close within two weeks. CPS, primarily based in the UK and UAE, is a specialist technology consulting firm delivering regulatory compliance, technology infrastructure, governance, risk, and business transformation services to an FTSE 100 client. Hexaware already serves this client as one of their top IT service providers, and this acquisition aims to consolidate that client spend while strengthening Hexaware's strategic positioning. The deal will add high-performance talent in UAE and UK, enhancing Hexaware's capabilities in program assurance and cloud engineering.
This acquisition strengthens Hexaware's AI and cloud transformation ambitions, particularly in the financial services sector, and may expand revenue from an existing FTSE 100 client relationship. The deal adds specialized consulting talent and delivery capabilities, which could positively influence investor sentiment regarding Hexaware's growth trajectory.