Hexaware Technologies has received approval for the merger of its subsidiaries, Mobiquity Velocity Solutions Inc and Mobiquity Inc, into Hexaware Technologies Inc. The merger is effective from January 1, 2026. This restructuring aims to streamline operations and enhance technology service offerings.
Subsidiary Merger Details
Hexaware Technologies has announced the approval for the merger of Mobiquity Velocity Solutions Inc and Mobiquity Inc into Hexaware Technologies Inc. Both Mobiquity Velocity Solutions Inc and Mobiquity Inc are wholly-owned step-down subsidiaries of Hexaware.
Effective Date
The merger will be effective from January 1, 2026.
Rationale for the Merger
The merger aims to consolidate technology enabled services under one entity. Both the Transferor Companies and the Transferee Company operate under the same management and are engaged in complementary areas.
Financial Details of Mobiquity Inc.
Mobiquity Inc’s turnover is reported as USD 40,087,700 (Revenue from operations).
Business Area
The merging companies are engaged in providing mobile technology solutions and end-to-end omnichannel digital consulting services.
Source: BSE
