Hexaware Technologies Limited has informed the share market (BSE/NSE) that they have signed a contract resulting in $10-$15 million revenues annually with an existing Client in the United States. Under this deal, the company will be offering IT services to support the Client’s Banking and Investment Management business. Hexaware has a long standing relationship with this large and well established Financial Services firm head-quartered in the United States. In addition to its traditional offerings in Application Development and Support, Hexaware will also offer Remote Infrastructure Management Services (Remote IMS) to this Client.
As a part of the core strategy; Hexaware deployed dedicated client partners and an engagement director at its key accounts. In addition, the vertical structure has enabled greater cross-sell of all major horizontal service lines in to such accounts. Having executed this deal, the Company expects to generate revenues worth $10-$15 million annually from 2011 onwards from this BFSI Client which was just a one-million dollar Client for Hexaware in 2009.
Hexaware had been selected as a Vendor of Choice for its core domain strength in the Capital Markets Space (micro-vertical in Banking, Financial Services and Insurance (BFSI) Vertical) and has since grown leveraging its solid technological capabilities in the Enterprise Solutions Space and tapping its intellectual assets of tools, methodologies and solutions in the Asset Management domain.
Share’s Data :
BSE Code : 532129
Mkt. Cap: Rs 2,113.39 Crores
Hexaware Technologies Ltd. share’s CMP is Rs 72.60 on 13th Apr 2011.
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