Hexaware signs its largest deal with revenue potential of $177million
18 Jul 2011
IT and BPO service provider Hexaware Technologies has secured a large contract from its existing US clients which is potentially worth $ 177 million over a five-year term.
''Hexaware has been associated with this leading United States-headquartered multinational corporation for several years, and with this deal further increases its share of wallet with the client.'' the company said in a statement today, without naming the client.
Hexaware said it has received incremental business worth $100 million through this deal. The balance $77 million will be from extending the existing contract over five years..
The deal is for infra management and business process outsourcing services, Atul Nishar, chairman of Hexaware Tech, told CNBC.
Under this deal, Hexaware will offer services for ERP, business intelligence / business analytics, quality assurance and testing services business process outsourcing and application management services.
While it is an existing customer for Hexaware, this client also is a leading BPO client for Hexaware's wholly owned subsidiary, Caliber Point Business Solutions.