According to Gartner, the Magic Quadrant for ERP Service Providers, North America, 2007, analyzes the market for ERP solution implementation services. The relative positioning of vendors in this Magic Quadrant is based on factors determined by Gartner as relevant to this market.

"The consolidated ERP market is projected to grow by 6.3 per cent through 2010 generating revenues of over $32 bn . We are now increasing our breadth of capabilities to address a larger number of core ERP domains along with servicing new vertical segments," said Atul Nishar, executive chairman, Hexaware Technologies, adding, "Our focused offerings in targeted segments are being valued by our clients. Additionally our positioning in the Niche Players quadrant corroborates our potential in our areas of operation."

Hexaware currently has ERP expertise in the PeopleSoft, SAP, Oracle, Siebel and Microsoft domains. The number of clients in the ERP space grew by 38 per cent in the first half of 2007 to take the total to 69 clients. In the quarter ending June 30, 2007, 32.7 per cent of revenue was generated from the ERP domain. Recently, Hexaware was also positioned in the Niche Players Quadrant for North American Offshore Applications Services 2007 Magic Quadrant.