Hexaware Technologies buys US-based Mobiquity Inc for $182 mn to expand cloud, automation service offerings
Indian IT services company Hexaware Technologies Ltd said on Friday it bought privately owned Mobiquity Inc for $182 million, to expand its cloud and automation service offerings
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The deal will help Mumbai-based Hexaware gain traction in its banking and pharmaceutical verticals, through Mobiquity’s digital products
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Hexaware will pay $131 million upfront to Mobiquity and deferred consideration of $51 million will be paid based on earnouts, the company said
Bengaluru: Indian IT services company Hexaware Technologies Ltd said on Friday it bought privately owned Mobiquity Inc for $182 million, to expand its cloud and automation service offerings.
The deal will help Mumbai-based Hexaware gain traction in its banking and pharmaceutical verticals, through Mobiquity’s digital products.
Hexaware will pay $131 million upfront to Mobiquity and deferred consideration of $51 million will be paid based on earnouts, the company said.
U.S.-based Mobiquity makes products for partners including Amazon’s AWS and Netherlands-headquartered software company Bankbase.