Hexaware Technologies has announced a definitive agreement to acquire Consulting Professionals Services (CPS), a UK and UAE-based firm specializing in technology consulting. This strategic acquisition is set to close within two weeks. The deal aims to bolster Hexaware’s AI and cloud transformation expertise while deepening its presence in the financial services sector and providing access to high-performance talent across the United Kingdom and the United Arab Emirates.
Strategic Acquisition to Enhance AI and Cloud Expertise
Hexaware Technologies has officially entered into an agreement to acquire Consulting Professionals Services Holdings Limited and its subsidiary, Consulting Professionals Services (CPS). By integrating CPS into its global operations, Hexaware aims to accelerate its growth as a trusted partner for AI and cloud-led digital transformation. The transaction is expected to finalize within a period of two weeks.
Focus on Financial Services and Market Infrastructure
CPS brings significant expertise in regulatory compliance, technology infrastructure, and business transformation, primarily serving a major FTSE 100 client. Hexaware, which already maintains a strong existing relationship with this client, expects the acquisition to consolidate client spend and strengthen its strategic footprint. This move allows Hexaware to offer an end-to-end service model, ranging from high-level advisory and consulting to implementation and operations.
Strengthening Delivery and Talent
The acquisition represents a key step in Hexaware’s strategy to expand its global delivery capabilities. Parameshwaran Iyer, Country Head – UK & Ireland at Hexaware, highlighted that the move provides access to elite talent in the UAE and UK. This addition is expected to enhance the company’s credibility in program assurance and cloud engineering, ultimately supporting Hexaware’s purpose of creating business value through technology-led digital transformation.
Synergy and Growth Outlook
The leadership at CPS expressed confidence that the partnership will unlock greater value for clients by leveraging Hexaware’s wider global resources. By combining the niche consulting strengths of CPS with Hexaware’s established delivery models, the companies are positioned to drive significant market expansion and diversification, particularly within large enterprise accounts in the financial services sector.
Source: BSE
