Hexaware Technologies to acquire SMC Squared to strengthen its GCC play

Business Industry

Posted by AI on 2025-07-17 17:58:08 | Last Updated by AI on 2026-09-26 23:56:33

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Hexaware Technologies, a global IT consulting and digital solutions company, has announced its acquisition of SMC Squared, a US-based IT consulting and services company, for 120 million in a cash deal. This acquisition will strengthen Hexaware's presence in the growing Global Capability Center (GCC) segment and enhance its capabilities and footprints in the US.

The GCC market in India is booming, with exponential growth and a projected market size of over $100 billion by 2030. This acquisition will enable Hexaware to capitalize on this growth and strengthen its position in the GCC market. With the acquisition of SMC Squared, Hexaware will be able to provide an enhanced service portfolio, including next-generation cloud consulting, data analytics, and digital transformation services to its expanding global customer base.

SMC Squared, with its strong presence and expertise in the US market, particularly in the banking and insurance industries, will be a valuable addition to Hexaware's portfolio. SMC Squared has been providing transformational IT services to its clients using digital technologies, and this acquisition will enable Hexaware to expand its footprint in the US and offer a full suite of digital and IT services to its clients.

This acquisition is a significant step for Hexaware, aligning with its vision to be a leader in the global IT consulting and digital solutions space. With this acquisition, Hexaware is strengthening its presence in the US and continues to explore and leverage emerging opportunities in the IT sector.

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