Hexaware Technologies is aggressively strengthening its position in the Global Capability Centre (GCC) sector. The organisation acquired two SMC Squared Group entities for approximately ₹1,029 crore ($120 million) in a fully cash transaction. The acquisition delivers Hexaware.
This power move of acquiring SMC will give Hexaware an edge and establish GCC expertise through the SMC playbook and relationships in the GCC segment. The total workforce of SMC is around 500 across India. With the Indian GCC market expected to expand by $100 billion by 2030, SMC’s acquisition comes at the right time, when demand for scalable offshore delivery centres is increasing.
“With SMC Squared, we gain proven governance, delivery credibility, and scale in areas where execution strength is non-negotiable. This acquisition enables us to deliver long-term value to enterprises, leveraging our human and digital agent-driven model and proprietary IT delivery platforms,” highlighted Amrinder Singh, President and Head of EMEA and APAC Operations, Hexaware.
