Hexaware Technologies positioned in the Niche Players Quadrant for North American Offshore Applications Services 2007 Magic Quadrant

Mumbai – 24 August 2007

Hexaware Technologies Ltd, a leading global provider of IT & BPO services, today announced that it has been positioned by Gartner Inc. in the niche quadrant for the recently published ‘Magic Quadrant for North American Offshore Applications Services, 2007’1 report. The report states, ‘Niche players focus on a particular segment of the market, as defined by such characteristics as functional area vertical industry, client size or project complexity.’

According to Gartner, the Magic Quadrant for North American Offshore Application Services, 2007, analyzes the market for application services delivered in a global delivery model (GDM). The relative positioning of vendors in this Magic Quadrant is based on factors that Gartner has determined to be relevant to this market. In the report, Gartner evaluated 29 service providers across North America on their ability to execute and their completeness of vision.

“Our strategy to build competencies in targeted niche areas of application services has led to a high satisfaction level from our 164 clients,” said Atul Nishar, Executive Chairman, Hexaware Technologies adding, “Our positioning in the Niche Players quadrant reiterates our ability to execute in our focused application services.”

Hexaware recently entered a joint venture to launch Risk Technology International (RiskTech). The new entity focuses exclusively on offering a comprehensive suite of technology-intensive solutions in the domain of enterprise risk and compliance management, primarily for financial institutions worldwide.

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