Hexaware Positioned as a Visionary in the 2026 Gartner® Magic Quadrant™ for Custom Software Development Services
Hexaware Positioned as a Visionary in the 2026 Gartner® Magic Quadrant™ for Custom Software Development Services
Gartner, Magic Quadrant for Custom Software Development Services, By Jaideep Thyagarajan, Ryan McKinney, Nathan Davie, 7 October 2026. Gartner and Magic Quadrant are trademarks of Gartner, Inc. and/or its affiliates. Gartner does not endorse any company, vendor, product or service depicted in its publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner publications consist of the opinions of Gartner’s business and technology insights organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this publication, including any warranties of merchantability or fitness for a particular purpose. This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. The Gartner document is available upon request from Hexaware.
Case Study
A leading secondary mortgage company cut Year 1 costs by 50% and eliminated $1.2M in annual licensing through cloud-native application modernization, rewriting a Tier-0 application as a microservices architecture with projected savings above $10M over 5 years.
Our client is a leading secondary mortgage company operating in the United States. The organization manages high-volume, mission-critical loan operations that demand accuracy, compliance, and reliability at scale. To stay competitive, it set a clear enterprise direction: eliminate vendor lock-in and modernize toward a cloud-native architecture, guided by a broader microservices modernization strategy.
The organization ran a mission-critical, Tier-0, external-facing application for Post Fund Loan Data Correction on Appian. The platform had served its purpose, but over time it became a strategic liability across several dimensions:
Rather than continue with incremental fixes, the organization committed to a full rewrite on modern, proven technologies that matched its enterprise strategy. Hexaware delivered the rewrite as a fixed-price engagement in 30 weeks, with full onsite delivery that ensured close collaboration and thorough knowledge transfer. This low-code platform migration to an open-source, cloud-native stack gave the organization full ownership of its technology roadmap.
Technology stack
The rewrite delivered a 50% Year 1 cost reduction, projected cumulative savings above $10M over 5 years, and eliminated $1.2M in annual licensing. For enterprises exploring cloud cost reduction strategies, this engagement shows how a full rewrite can reduce licensing costs while strengthening compliance and scalability.
Operational efficiency
Strategic benefits
Technical transformation at a glance
| Component | Appian | Cloud-native |
| UI components | 77 SAIL objects | Angular (micro-frontend) |
| Data model | 170 CDTs | Spring JPA |
| Workflows | 72 processes | DB-driven WK service |
| Database | DB2/UDB on VM | Cloud-native RDS |
What began as a technology simplification effort became a strategic win: a modernized application, no vendor lock-in, and a savings trajectory above $10M. The new architecture is compliance-ready, free of vendor-driven SLA conflicts, and fully aligned with the enterprise cloud-native direction. Freed from platform-specific maintenance, skilled developers now spend their time on core product innovation.
For organizations weighing whether to stay on a proprietary platform or invest in cloud-native transformation, this case study offers clear proof that application modernization delivers measurable business value alongside technical strength.
Ready to move beyond proprietary platforms? Discover how our cloud-native application modernization services eliminate vendor lock-in and reduce cost. Explore our solutions today.