RSSHexaware’s Views - IT Services M&A - 2
First post in this series was on the views of Wipro, now here its from Hexaware,
Hexaware Technologies is on an expansion mode. Vice-chairman and CEO, Rusi Brij, said that the acquisition would be in the range of $10 million to $15 million and it would be finalised by the end of 2007.
The company acquired FocusFrame in 2006 for $ 34.3 million and is now busy adding capacity to its new campuses at Chennai, Gurgaon, Mumbai and Pune.
"Hexaware has acquired a 25-acre plot at the Hinjewadi IT Park in Pune to set up a Rs 100-crore campus," Brij said. The campus will become operational in the first quarter of 2009 and will accommodate 2,000 professionals in the first phase, he said.
Hexaware currently has 6,000 professionals across its four centres.
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