Hexaware completes closing of acquisition of FocusFrame

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Hexaware completes closing of acquisition of FocusFrame

Hexaware completes successful closing of acquisition of FocusFrame

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Hexaware Technologies, a leading global IT & BPO services provider, today announced the successful completion of its acquisition of FocusFrame Inc,, a US based firm specializing in automated testing of ERP and custom applications. FocusFrame's business revolves around Systems Verification, Quality Strategy and IT Governance solutions, and various functional, performance, and system stress verification exercises.

The addition of FocusFrame is Hexaware's ongoing strategy to strengthen its Testing Service Practice, which is the fastest growing service. Hexaware and FocusFrame together will reinforce their expertise in Independent Testing and Verification services, which is amongst the fastest growing business opportunities for offshore vendors.

Originally announced on November 6, 2006, under a definitive agreement, FocusFrame Inc. was acquired in an all cash deal for $34.3 mn. With the closing of this acquisition, FocusFrame Inc becomes a wholly owned subsidiary of Hexaware Technologies Ltd. Taking a step ahead, the integration of FocusFrame's operations & business with Hexaware begins. FocusFrame's Mexico center is scaling up as Hexaware's sixth full fledged global delivery center.

Commenting on the transaction, Mr. Atul Nishar, Executive Chairman Hexaware said, "We are very excited with the acquisition. Hexaware will now be in a position to offer a complete lifecycle of Testing service and would be able to achieve more than US $100 mn revenue from this practice in the next three years."

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