Hexaware Technologies positioned in the Niche Players Quadrant for ERP Service Providers, North America 2007, Magic Quadrant

Mumbai - 25 September 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 ERP Service Providers, North America 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. A niche player has invested in more-defined ERP technology skills.’

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% 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% in the first half of 2007 to take the total to 69 clients. In the quarter ending June 30, 2007, 32.7 % of revenues were generated from the ERP domain. Recently, Hexaware was also positioned in the Niche Players Quadrant for North American Offshore Applications Services 2007 Magic Quadrant.

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