JAMESBURG, N.J., and FRISCO, Texas, May 20, 2013 /PRNewswire/ -- Hexaware Technologies Limited, a leading global provider of IT, BPO and consulting services announced the opening of its latest Global Delivery Center (GDC) at Frisco, near Dallas in the state of Texas, USA. It is a significant milestone in the growth journey of the Company. The new onshore delivery center is situated in a prime location and in close proximity to several key clients. The state of the art infrastructure enables the Company to undertake critical IT projects, thereby adding value to existing and new customers alike.
The new Dallas Global Delivery Center will allow Hexaware to add 150 engineers, commencing with 1st phase of 50 personnel, sourced from the rich local talent pool of recent graduates and experienced engineers, to its rank of global IT consultants. Hexaware will also commence recruitment from the engineering schools next year. The hiring of experienced professionals will continue on an on-going basis from the local markets.
"After our first two onshore GDCs in the state of New Jersey, we have now established our center in the state of Texas. As we continue implementing our strategy, we will set up more GDCs in other cities establishing a wide network of centers in the US," remarked Atul Nishar, Chairman, Hexaware Technologies Limited. "These initiatives enable us to serve our clients better, recruit best in class local talent, drive above-industry revenue growth consistently while maintaining desired profitability metrics."
Hexaware has set up this onshore delivery center with two anchor clients already in place. While the center will offer services across all its major service offerings, Hexaware has commenced with key clients in the focus business verticals of Banking and Financial Services domain. The Banking and Financial Services vertical is one of fastest growing verticals for Hexaware as it registered 28% annual growth in revenue during 2012. This business domain is expected to continue on its healthy revenue growth path & stay well ahead of the company growth rate in 2013 as well.
"Dallas is recognized as one of the fastest growing hubs for the high tech industry, providing us with access to a great talent pool to add to our global human capital," said P R Chandrasekar, CEO & Vice Chairman, Hexaware Technologies Limited. "With the new center in place, we would continue investing in implementing Learning & Development programs under the aegis of Hexavarsity, focus on institutionalizing the Quality processes here and ensure seamless delivery across our network of GDCs. These steps would invariably strengthen our ability to add value to our North America based customers by addressing their business needs better."
The Texas center joins the two New Jersey centers to service North America based customers. In addition, Hexaware has Global Delivery Centers located in Mumbai, Chennai, Pune, Nagpur and Bengaluru in India and three Nearshore Delivery Centers at Saltillo in Mexico.
Hexaware is a leading global provider of IT & BPO services and consulting. The Company focuses on key domains such as Banking, Financial Services, Insurance, Travel, Transportation, Logistics, Life Sciences and Healthcare. Our business philosophy, "Your Success is Our Focus", is demonstrated through the success we ensure for our clients. Hexaware focuses on delivering business results and leveraging technology solutions by specializing in Business Intelligence & Analytics, Enterprise Applications, Quality Assurance and Testing, Remote Infrastructure Management Services and Legacy Modernization. Founded in 1990, Hexaware has a well-established global delivery model armed with proven proprietary tools and methodologies, skilled human capital and SEI CMMI-Level 5 certification. For additional information logon to www.hexaware.com
Safe Harbor Statement
Certain statements in this press release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Hexaware has made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry.
SOURCE Hexaware Technologies Limited