M&A Deal Summary

Hexaware Acquires Softcrylic

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

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

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

Target

Softcrylic

Minneapolis, Minnesota, United States
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.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Hexaware

Princeton, New Jersey, United States
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. Hexaware was founded in 1990 and is based in Princetonm, New Jersey.

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

Product

Company

Legal