M&A Deal Summary

Hexaware Technologies Acquires Softcrylic

On May 6, 2024, Hexaware Technologies acquired information technology company Softcrylic

Acquisition Highlights
  • This is Hexaware Technologies’ 1st transaction in the Information Technology sector.
  • This is Hexaware Technologies’ 2nd transaction in the United States.
  • This is Hexaware Technologies’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2024-05-06
Target Softcrylic
Sector Information Technology
Buyer(s) Hexaware Technologies
Deal Type Add-on Acquisition
Advisor(s) Canaccord Genuity Corp. (Financial)

Target

Softcrylic

Minneapolis, Minnesota, United States
website
Softcrylic is a data consulting firm that helps organizations understand and leverage the power of their data. The Company offers a wide range of services, including strategy and advisory, engineering, data and analytics, marketing technology, and The Data Desk, a unique solution that provides ongoing data management support. With offices in Atlanta, Princeton, Chennai, Canada, and headquartered in Minneapolis.

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Buyer(S) 1

Buyer

Hexaware Technologies

Princeton, New Jersey, United States

website

Category Company
Founded 1990
Sector Business Services
DESCRIPTION

Hexaware is a niche mid-sized IT services vendor with a strong focus in domains such as BFSI, Transportation, Logistics and HR-IT solutions. The Company specializes in enterprise solutions, application management and independent testing. Hexaware employs over 8,000 people with the differentiated ERP practice addressing the IT needs of HR departments of customers.

DEAL STATS #
Overall 2 of 2
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Minnesota) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-14 Mobiquity

Wellesley, Massachusetts, United States

Mobiquity, Inc. is a mobile engagement provider creating innovative solutions that drive business value. Because mobile is in our DNA, clients benefit from how we expertly and effectively blend the three key disciplines that unleash the power and innovation of mobile computing: strategy, user-centered design and core technology.

Buy $182M
Mergr

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