Hexaware Technologies, a leading player in IT, BPO and consulting services, on Monday announced that it has secured a large contract worth potentially $177 million over a five-year term.
Hexaware has been associated with this leading U.S.-headquartered multinational company for several years. Through this contract, the company has a potential $100 million worth incremental business while extending existing business worth another $77 million over the course of the five year agreement. While it is an existing customer for Hexaware, this client also is a leading business process outsourcing client for Caliber Point Business Solutions, a 100 per cent wholly owned subsidiary of Hexaware.
As part of the engagement, Hexaware will continue to offer services to this strategic customer and these cut across several horizontals including enterprise solutions, business intelligence / business analytics, quality assurance and testing services, business process outsourcing and application management services. “Under this contract, Hexaware is expected to ramp the team up to a peak size of 600 plus personnel operating under dedicated global delivery centres. It is envisaged that Hexaware will offer information technology (IT) and BPO services from 15 locations spread globally,” said Rajiv Pant, President and Head-America Operations, Hexaware Technologies.
The company expects to ramp up the execution team to happen over the next four to six quarters. Given the size of the agreement and the innate complexities of the tasks, it has designed a road map to enable a smooth transition to activities in a phased manner over the next two years.
“This is our third large deal signed in the past three months,” said P. R. Chandrasekar, CEO & Vice-Chairman, Hexaware Technologies.
