According to an exchange filing, the deal is expected to close on July 17, 2025.
The consideration is structured as follows:$45 million as an upfront payout
Up to $45 million in earnouts
Up to $30 million as an outperformance earnout bonus
Within India, the Global Capability Center (GCC) segment is witnessing exponential growth, with the market projected to exceed $100 billion by 2030. This presents a significant opportunity for Hexaware to expand its footprint and deepen its capabilities in the space.SMC has a workforce of around 500 employees, with a go-to-market office in the US and delivery centers in Bengaluru and Hyderabad. This setup provides a strong foundation for scaling operations and delivering value to clients globally.
By acquiring SMC, Hexaware gains:
Established GCC expertise: SMC’s proven playbook and relationships in the mid-market GCC segment will accelerate Hexaware’s go-to-market strategy.
Scalable capabilities: Hexaware will extend SMC’s offerings to its broader client base, including existing customers.
Enhanced value proposition: By integrating SMC’s GCC setup capabilities with Hexaware’s strengths in AI, analytics, cloud transformation, modernization, and enterprise platforms, the company can deliver end-to-end solutions for clients aiming to optimize and scale their GCC operations.
Strengthened GCC service line: The collaboration brings together SMC’s deep GCC expertise with Hexaware’s technology-led delivery model to offer world-class GCC operations and attract top-tier tech talent.
Shares of Hexaware Technologies Ltd. ended 1.39% higher on Wednesday at ₹858. The stock has gained 13% year-to-date.
