Hexaware Ranked No. 1 in the HFS Top 10 Application Modernization Services and Formidable Challengers Market Analysis Study 2022

March 22, 2022


Hexaware Technologies, a leading digital transformation and cloud services provider, today announced that it has been ranked No 1 in the Formidable Challenger Overall Ranking in the HFS Top 10 Application Modernization Services and Formidable Challengers Market Analysis Study 2022. Hexaware also ranks No 1 for Execution, No 2 for OneOffice Alignment and Voice of the Customer and No 3 for Innovation.

The HFS study recognizes Hexaware as a global provider that brings best-in-class tools and domain expertise to deliver continuous innovation. The key strengths highlighted include its automation-led approach to application modernization services powered by its cloud migration suite Amaze®, its outcome-based and output-based pricing models, and its focus on technology innovation to develop new IPs and accelerators. Clients have appreciated Hexaware’s preference to understand the client’s business objectives and deliver solutions with measurable business value.

Joel Martin, Research Leader, HFS Research, commented, “Hexaware leads from the front with its user-friendly approach to delivering on application modernization. The firm’s cloud migration platform, Amaze®, provides a best-in-class automated solution to free code from legacy systems to cloud-native platforms. Its proprietary tools coupled with industry expertise make it a formidable challenger and execution champion.”

Sharing his thoughts, Milan Bhatt, Corporate Vice President & Global Head, Healthcare & Insurance and Cloud Transformation, Hexaware, stated, “We are glad to be ranked on top of the podium as a formidable challenger in the HFS study. The accent on automation enables our customers to pivot quickly to digital transformation. With flagship IPs and accelerators, we are looking forward to maximizing business value for future-ready businesses across the entire application modernization value chain.”

Arun ‘Rak’ Ramchandran, Corporate Vice President & Global Head – Hi-Tech & Professional Services and Digital Core Transformation, Hexaware, opined, “The accolade is a reflection of our vision for helping businesses scale their application modernization goals with our proprietary IPs serving as game changers. We will continue to co-innovate with customers to drive agility and resilience for holistic business transformation.“

About Hexaware

Hexaware is a global IT, BPS and consulting services company empowering businesses worldwide to realize digital transformation at scale and speed. Our three-pronged strategy of Automate Everything®, Cloudify Everything®, and Transform Customer Experiences® endeavors to drive human-machine collaboration for solving complex business problems. We enable future-ready organizations and market leaders to create lasting business value by helping them offer touchless immersive customer experiences through full-cloud enablement, digital product engineering and extreme automation.

We serve customers in Banking, Financial Services, Capital Markets, Healthcare, Insurance, Manufacturing, Retail, Education, Telecom, Hi-Tech & Professional Services (Tax, Audit, Accounting and Legal), Travel, Transportation and Logistics. We deliver highly evolved services in Rapid Application prototyping, development and deployment; Build, Migrate and Run Cloud solutions; Automation-based Application support; Enterprise Solutions for digitizing the back-office; Customer Experience Transformation; Business Intelligence & Analytics; Digital Assurance (Testing); Infrastructure Management Services; and Business Process Services.

We believe technology is a magical thing, and our purpose is to create smiles through great people and technology. Headquartered in New Jersey for North America, London for Europe and Singapore for the Asia Pacific, Hexaware services customers in over two dozen languages from every major time and regulatory zone.

Learn more about Hexaware at https://www.hexaware.com. Take an immersive 360° virtual tour of our campuses worldwide at https://www.hexawareimmersive.com.

Safe Harbor Statement:

Certain statements in this press release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Hexaware has made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry.

For more information contact
Hexaware Technologies Limited
E-mail: Varsham@hexaware.com