Hexaware Tech bags contract from US firms

Hexaware Technologies has won significant contracts from two major global corporations based in North America representing multi-year, open-ended corporate relationships. The contract has the potential to grow beyond the current contracted value, which in itself is in excess of US $ 10 million, Hexaware Technologies said in a release issued to the BSE.

The first contract, an MNC, which is a leading Fortune 500 company, has selected Hexaware Tech for its domain functional expertise and automation expertise in testing. The project would involve environment creation and testing of PeopleSoft modules.

The second win, a world-renowned accounting firm based in US, is a strategic partnership that was formed between the company's, with Hexaware Tech providing development, support and maintenance for client's existing and new IT systems, the release said.

Hari Murthy, President - North America operations of Hexaware Tech said, "These wins demonstrate Hexaware's strengths in enterprise class application services space across a broad range of technologies and verticals. Our new clients have picked us on our ability to de-risk their business-critical initiatives with strong domain knowledge of client businesses, and our expertise in the unique technologies that drive them."

North America is a key market for the company, accounting for 69.8% of Rs 157.0l crore software revenue in the last quarter of 2004, the release added.