Overview

• Hexaware acquired 100% of SMC Squared and its related Indian entities through all-cash agreements valued at up to $120 million, including a $45 million upfront payment, $45 million in earnouts and a $30 million performance bonus.
• The acquisition closed on July 17, 2025 without requiring governmental or regulatory approvals and does not involve any related-party interests.
• The deal adds approximately 500 GCC professionals across Bengaluru, Hyderabad and the United States to Hexaware’s workforce.
• Hexaware plans to integrate SMC Squared’s build-operate-run expertise with its AI-driven platform capabilities to strengthen its GCC 2.0 service line across AI, analytics, cloud transformation and enterprise platforms.
• The move positions Hexaware to expand in India’s Global Capability Center market, which is projected to exceed $100 billion by 2030.