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Hexaware buys US-based Mobiquity for $182 mn to expand cloud offerings

The deal will help Mumbai-based Hexaware gain traction in its banking and pharmaceutical verticals, through Mobiquity's digital products

Reuters  |  Bengaluru 

mergers and acquisitions

Indian IT services company Ltd said on Friday it bought privately owned Inc for $182 million, to expand its cloud and

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 and a deferred consideration of $51 million will be paid based on earnouts, the company said.

US-based makes products for partners including Amazon's AWS and Netherlands-headquartered software company Bankbase.

First Published: Fri, June 14 2019. 10:28 IST
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