Hexaware Technologies Limited Details

Hexaware Technologies Limited News

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  Midcaps up M&A game with winds of tech spends revival

  Indian IT sector witnesses a surge in acquisitions by firms of all sizes, driven by the need to pivot to new technologies and business models. Smaller players innovate and acquire to become key innovation partners in digital areas.

  

  Hexaware acquires Softcrylic; boosts its data and analytics capabilities

  While Hexaware didn’t disclose the financials of the deal, the acquisition would boost the mid-tier IT firm’s data and analytics capabilities, said the company in a statement. Global investment bank, Canaccord Genuity, advised Softcrylic on the transaction.

  

  Carlyle picks JPMorgan and Kotak to help arrange Hexaware IPO: Report

  The US investment firm plans to hold the IPO as early as in the fourth quarter of this year, the people said, asking not to be identified as the deliberations are private. More bankers will likely be added for the potential $1 billion offering, which may value the Indian information technology company at as much as $6 billion, they said.

  

  Carlyle said to weigh $1 billion IPO for Indian IT firm Hexaware

  At about $1 billion, it would be the biggest IPO in the country since Life Insurance Corp. of India’s in 2022, according to data compiled by Bloomberg. That company’s shares slumped initially but have mostly recovered.

  

  India Inc looks to build pipeline of female AI talent

  As artificial intelligence continues to disrupt businesses, companies like Microsoft, Hexaware Technologies, Accenture, Tech Mahindra, and Capgemini are unleashing several measures to attract more women and tackle their underrepresentation in this fast-growing field. Initiatives to build this pipeline include upskilling, mentorship programmes, gamification challenges, structured internships, as well as stronger campus engagement to build future female AI practitioners.

  

  Gender pay gap widens as women go up the tech ladder

  Aon’s latest estimates shared exclusively with ET showed that the unadjusted gender pay gap in the technology sector in 2023 is in the range of 28-30%, while for junior management, it is 8-10%.

  

  Hexaware announces 100-120% variable pay to all employees

  Despite the prevailing economic volatility where companies have put hiring on hold, Hexaware has committed to on-board around 6,000 experienced professionals this year, it said.

  

  India’s used-car overdrive

  Cars24 is in the final stages of closing a $300-350 million funding round at a valuation of $2 billion, underscoring the investor interest in the used-car space.

  

  Carlyle leads race to scoop up Hexaware with $3 bn bid. A deal would be largest PE buyout in India outside infra

  Private equity group Carlyle has emerged as the frontrunner to acquire Hexaware Technologies from its PE owner Baring Private Equity Asia (BPEA) with a bid of $3 billion (₹22,500 crore), said people in the know.

  

  Suitors line up to acquire Hexaware Technologies in $2.5-billion deal

  Private equity firms Bain Capital, Carlyle Group and KKR & Co., as well as French outsourcer Teleperformance SE, are in fray to acquire Hexaware Technologies for $2.5 billion from Baring PE Asia in potentially the largest IT deal in India.