Indian IT services firm Hexaware Technologies has reached a deal to acquire US-based digital consultancy Mobiquity for US$182 million, significantly enriching its cloud and automation service offerings.
Mobiquity’s products and services are used by the likes of Amazon Web Services, the cloud unit of the US online retail giant, as well as Rabobank, Philips, Wawa, Backbase and Otsuka.
“Mobiquity strengthens two of our key strategic offerings: Cloudify Everything and Customer Experience Transformation,” said R. Srikrishna, CEO of Hexaware Technologies.
“We are seeing a strong demand for these capabilities and, with this acquisition, we will be able to further accelerate our contributions to our customers’ business growth.”
Mobiquity’s asset will help it gain access to a large number of prospective clients in the US financial and pharmaceutical industries, according to the company’s statement.
The acquisition is likely to strengthen Hexaware’s efforts capitalize on the growing demand for digital transformation and cloud services in North America.
Mobiquity is a partner of Backbase, a Netherland-based software developer, and together the two companies offer digital solutions for retail banking firms.
“Over the years, Mobiquity has established a benchmark in defining omnichannel digital experiences and next-gen user interfaces, such as smart speakers and digital assistants. Their methodology combines consulting, design and deep engineering capabilities that leverage the Cloud,” said Sandeep Dhar, president of Hexaware’s customer experience transformation (CXT) business.
The news comes six months after the Mumbai-based IT provider expanded operations to Mexico amid a talent shortage in the United States.