# Hexaware Acquires SMC Squared: A Strategic Move to Enhance Global Workforce Solutions
In a significant development in the business services sector, Hexaware Technologies has announced its acquisition of SMC Squared for an undisclosed amount. This strategic move aims to bolster Hexaware’s capabilities in optimizing global workforces, ensuring that clients continue to benefit from innovative and seamless talent solutions.
Founded over three decades ago, SMC Squared specializes in establishing and managing Global Capability Centers (GCCs), providing tailored solutions for teams ranging from small startups to large enterprises. Their unique approach integrates with existing talent strategies, allowing clients to either employ teams directly or through SMC’s payroll. The company has garnered a reputation for delivering cost-effective and flexible outsourcing solutions, particularly in the Indian market, where it has achieved a remarkable 90% retention rate.
Hexaware, a global IT and business process services company, is recognized for its cutting-edge digital solutions and strong operational capabilities. With this acquisition, Hexaware looks to enhance its service offerings by leveraging SMC Squared's expertise in GCCs, which serve as long-term assets rather than temporary solutions. The combination of both companies' strengths is expected to create a more robust and competitive service portfolio, aligning with the evolving demands of global businesses.
The strategic rationale behind this acquisition is clear: as companies increasingly seek to optimize their workforce capabilities, the integration of SMC Squared’s GCC model into Hexaware’s framework will provide clients with a comprehensive solution that balances innovation, efficiency, and cost-effectiveness. "This acquisition signifies our commitment to delivering unparalleled workforce solutions that empower our clients to thrive in a competitive landscape," said a hypothetical executive at Hexaware (illustrative).
From an industry perspective, this acquisition could shift the dynamics of the outsourcing market, as it positions Hexaware to compete more effectively against major players in the sector. By incorporating SMC Squared’s proven methodologies, Hexaware can offer enhanced services that not only meet but exceed client expectations, potentially leading to increased market share.
Looking ahead, the combined entity stands to redefine the landscape of global workforce solutions, paving the way for innovative business strategies that leverage the strengths of both companies. As Hexaware and SMC Squared work in tandem, clients can anticipate a new era of efficiency, collaboration, and growth in their global operations.