Hexaware, Indian information technology and business process outsourcing service provider, intends to invest between $250 million to $300 million in acquisitions via borrowings and internal accruals.
Hexaware, which has $120 million in cash position with no debt, will use the cash and some borrowings to acquire skillsets over the next two to three years.
In the fiscal year ended December 2018, Hexaware’s revenue grew to $677.7 million.
Further, Hexaware also announced plans to acquire U.S.-based software firm FocusFrame Inc. for $34 million.