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Hexaware Technologies has been positioned by Gartner Inc. in the niche quadrant for the recently published Magic Quadrant for North American Offshore Applications Services, 2007. The report states, ‘Niche players focus on a particular segment of the market, as defined by such characteristics as functional area vertical industry, client size or project complexity.
General Atlantic, who had invested Rs 300 crores in Hexaware through a preferential allotment in early 2006, has opted to exercise their conversion option of preference shares into equity share @ 142.10 per share . Commenting on the development, Mr Atul Nishar, Executive Chairman, Hexaware Technologies said, “General Atlantic continues to demonstrate their confidence in Hexaware’s management team and our business outlook.”
Navneet Bhushan has joined Hexaware as the new Head of Innovation. As head of HexaLab ( Hexaware’s specialized Innovations Lab),he will focus on aligning Innovation to our business. He will spearhead Hexaware’s innovation culture and leverage its output in client projects.
   

 

 

 

 


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