Hexaware bags $ 25 Million order in Europe
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Hexaware bags $ 25 Million order in Europe

By SiliconIndia   |   Monday, 30 May 2011, 05:16 Hrs
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Mumbai: Hexaware Technologies , a leading global provider of IT, BPO and consulting services, announced that it has recently signed a new three year contract worth in excess of $ 25 million for providing Remote Infrastructure Management Services 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 more than 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 and Pune.

Hexaware has been investing substantially in nurturing Remote IMS as a horizontal service line since 2009. Significant component of the large deal worth $ 110 million 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 eight new logos to the client roster. While announcing Q1 2011 results, the company 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 percent over 2010.

Ramanan Seshadri, Senior Vice President and Head, Europe Operations, Hexaware Technologies, said, "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."

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