Hexaware Technologies Ltd has secured a large contract worth potentially $177 million over a five-year term.
Hexaware has been associated with this US-headquartered MNC for several years. Through this contract, it has a potential $100 million worth incremental business while extending existing business worth another $77 million over the course of the five-year agreement.
As a part of this engagement, Hexaware will continue offering services to this strategic customer across various verticals - Enterprise Solutions (ERP), Business Intelligence / Business Analytics (BI / BA), Quality Assurance and Testing Services (QATS) Business Process Outsourcing and Application Management Services.
While it is an existing customer for Hexaware, this client also is a leading business process outsourcing (BPO) client for Caliber Point Business Solutions, a 100 per cent wholly owned subsidiary of Hexaware Technologies Ltd. Under this contract, Hexaware will offer information technology and BPO services from 15 locations spread across the world. The company expects the ramp-up of the execution team to happen over the next four- to-six quarters. This is our third large deal signed in the past three months.