Hexaware Technologies Limited has informed the Exchange regarding a press release dated May 20, 2026, titled "Hexaware Acquires Consulting Professionals Services to Strengthen AI and Cloud Transformation Capabilities".
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On the reaction day the stock moved 1.4 pts less than Nifty Midcap 150 and 1.1 pts less than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Hexaware Technologies has announced an agreement to acquire Consulting Professionals Services Holdings Limited (CPS), a specialist technology consulting firm headquartered in the UK and UAE. CPS primarily serves an FTSE 100 client in Financial Services and Market Infrastructure sectors. The transaction is expected to close within two weeks. The acquisition is aimed at strengthening Hexaware's AI and cloud transformation capabilities and deepening its advisory, program assurance, and cloud engineering expertise. CPS brings high-performance talent in the UAE and UK, and the deal is expected to consolidate client spend and expand Hexaware's market position within its existing FTSE 100 relationship.
This acquisition strengthens Hexaware's strategic positioning with a key blue-chip client and expands its consulting and delivery capabilities in AI and cloud transformation, which is positive for revenue growth and client retention.