- Hexaware wins Remote IMS business worth in excess of $ 25 mn over 3 years
- Successful cross-sale of Remote IMS to an existing client; Strengthens Hexaware’s position in a multi-vendor scenario
- Large win for Remote IMS practice; Practice headcount to cross 500 employees shortly

London, UK – June 1, 2011: Hexaware Technologies Limited, a leading global provider of IT, BPO and consulting services, has announced that it has recently signed a new three year contract worth in excess of $ 25 million for providing Remote Infrastructure Management Services (Remote IMS) to an existing Client.

Hexaware has registered this prestigious win in the area of Remote IMS, an emerging service offering from the Company, ahead of competition. This win further strengthens Hexaware’s position in a multi-vendor scenario. By securing this large annuity deal, the Company has also managed to increase its share of the wallet with this existing client.

Hexaware will manage all aspects of Infrastructure Support for this client whose footprint covers the Americas, Europe and Asia Pacific regions. The Company expects to deploy 150+ employees on this engagement globally. Hexaware is further creating value to the customer by offering these services on 24 X 7 basis utilizing its major Global Delivery Centers in the United States, Mexico and Offshore Delivery Centers in Chennai, Mumbai & Pune.

“From the beginning of 2011, the revenue growth in Europe region has picked up and this creditable win adds to the growth momentum. This engagement provides us with a platform to strengthen our European operations further. Ability to win such a large deal against stiff competition in Remote IMS demonstrates Hexaware’s competence and strength in its focus areas”, said Ramanan Seshadri, Sr. Vice President & Head – Europe Operations, Hexaware Technologies Limited.

Hexaware has been investing substantially in nurturing Remote IMS as a horizontal service line since 2009. Significant component of the large deal worth $ 110 mn signed last year augmented Remote IMS horizontal. This horizontal currently caters to 15 clients across the world. With a team size of 150+ employees to be deployed globally, this project will further add to the skillsets and to the scale of the practice taking the employee headcount to 500+ shortly.

Over the last two quarters, Hexaware has witnessed a spurt in the activity levels in Europe and added 8 new logos to the client roster. While announcing Q1 2011 results, Hexaware raised its revenue guidance for the year 2011 to a minimum of $ 295 million; with an annual revenue growth rate of at least 27.5% over 2010.