Online edition of India's National Newspaper
Wednesday, Dec 06, 2006
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Online edition of India's National Newspaper Wednesday, Dec 06, 2006 ePaper |
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Business
Staff Correspondent
CHENNAI: Hexaware Technologies, an IT and BPO services provider, has completed the acquisition of the U.S.- based FocusFrame, a firm specialising in automated testing of ERP (Enterprise Resource Planning) and custom applications, according to a press release. The release stated that this takeover would help Hexaware's ongoing strategy to strengthen its testing service practice. Hexaware and FocusFrame together would reinforce their expertise in independent testing and verification services, which were among the fastest growing business opportunities for offshore vendors.
$34.3 m cash deal
Under a definitive agreement, FocusFrame was acquired in an all cash deal for $34.3 million. With the closing of this acquisition, FocusFrame became a wholly owned subsidiary of Hexaware Technologies. FocusFrame's Mexico centre was scaling up as Hexaware's sixth full-fledged global delivery centre.
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