M&A Deal Summary

Hexaware Technologies Acquires Mobiquity

On June 14, 2019, Hexaware Technologies acquired software company Mobiquity for 182M USD

Acquisition Highlights
  • This is Hexaware Technologies’ 1st transaction in the Software sector.
  • This is Hexaware Technologies’ largest (disclosed) transaction.
  • This is Hexaware Technologies’ 1st transaction in the United States.
  • This is Hexaware Technologies’ 1st transaction in Massachusetts.

M&A Deal Summary
Date 2019-06-14
Target Mobiquity
Sector Software
Buyer(s) Hexaware Technologies
Deal Type Add-on Acquisition
Deal Value 182M USD
Advisor(s) Petsky Prunier LLC (Financial)

Target

Mobiquity

Wellesley, Massachusetts, United States
website
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.

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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 1 of 1
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
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