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Remote IMS order for Hexaware

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CIOL Bureau
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MUMBAI: Hexaware Technologies Limited  has recently signed a new three-year contract worth in excess of $ 25 million for providing Remote Infrastructure Management Services (Remote IMS) to an existing Client. 
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It is in the area of Remote IMS, an emerging service offering from the Company, and is a large annuity deal. 
Hexaware will manage all aspects of Infrastructure Support for this client whose footprint covers the Americas, Europe and Asia Pacific regions. The Company expects to deploy over 150 employees on this engagement globally. 
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"From the beginning of 2011, the revenue growth in Europe region has picked up and this creditable win adds to the growth momentum. This engagement provides us with a platform to strengthen our European operations further. Ability to win such a large deal against stiff competition in Remote IMS demonstrates Hexaware’s competence and strength in its focus areas," said Ramanan Seshadri, Sr. Vice President & Head — Europe Operations, Hexaware Technologies Limited. 
 
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Hexaware has been investing substantially in nurturing Remote IMS as a horizontal service line since 2009. Significant component of the large deal worth $ 110 mn signed last year augmented Remote IMS horizontal. This horizontal currently caters to 15 clients across the world. With a team size of over 150 employees to be deployed globally, this project will further add to the skillsets and to the scale of the practice taking the employee headcount to over 500 shortly. 
 
While announcing Q1 2011 results, Hexaware raised its revenue guidance for the year 2011 to a minimum of $ 295 million; with an annual revenue growth rate of at least 27.5 per cent over 2010.