« What is outsourcing: Economist's view | Main | For major pharmaceutical companies outsourcing makes sense »

Apr 9
Hexaware to acquire US firm for $40 million

After doing away with ESOP schemes for its employees and setting up new software development centers in northern part of India, Software and outsourcing firm Hexaware Technologies now sets its eye to acquire an IT firm in US or Europe. Budget allotment is $40 million. They are not in hurry and plans to close the deal in this calendar year. Hexaware wants to expand its Enterprise Resource Planning (ERP) services in segments across travel,  banking, transportation and financial services among others.  

The company earns more than 65 per cent of it’s revenues from the US market, 26 per cent comes from European business Asia Pacific merely  contributes only 5-6 per cent.

The company had last year acquired  FocusFrame, a Mexico-based IT company, for 34 million dollars (Rs 146 crore) to expand its software testing business.

Hexaware-jobs-India-ERP-US-UK-acquisition 


1 Comments/Trackbacks




The company that Hexaware acquired in 2006 was FocusFrame, not Fox Frame!

submit a trackback

TrackBack URL for this entry:

post a comment

Name, Email Address, and URL are not required fields.





Comment Preview

« What is outsourcing: Economist's view | Main | For major pharmaceutical companies outsourcing makes sense »

Advertise

recent comments

    sponsored ads



    subscribe


    Prefer Email?
    Subscribe below-

    Enter your Email:


    Powered by FeedBlitz What's this?

    Current News

    Support This Blog

    blogroll


    My site was nominated for Best Business Blog!

    business social media

    Use these fast growing business social media sites to promote your business, feature your products, spotlight your business leaders, create links, and drive traffic back to your company site, all for free!

    BIZZlogos - Add your logo - free link to your site
    BIZZphotos - Add photos of your products and people
    BIZZprofiles - Submit your profile and build your online visibility
    BIZZspotlight - Spotlight your business with free links
    BIZZvideos - Videos about businesses, products and business people.
    BIZZbites - "Digg" for Business - Submit your articles and posts

    Know More Media - Customer Service / Services

    know more media network

    View Network Map

    Network Feed List (OPML)

    Know More Media Network
    Feed


    we support unitus

    PRWeb

    Influencer



    BPOTiger is a member of the Know More Media network of business related blogs.

    Here are some current headlines from some of our business publications:

    ProductivityGoal

    CallCenterScript

    AdHurl

    TheBizofKnowledge

    LandingTheDeal

    CustomersAreAlways

    HealthCareVox

    BrainBasedBusiness

    TheInsurancePolicy

    MarketingBlurb