Software engineering services provider GlobalLogic acquired Latin America’s digital consultant Hexacta, adding as many as 800 technology professionals to its headcount across the region.
Headquartered in Montevideo, Uruguay, Hexacta runs more than 10 delivery centers across several Latin American countries, including Colombia, Peru, Brazil and Argentina, where it has six innovation centers.
Hexacta’s services include software development, data analytics and IT consulting. The firm will continue to operate independently even after the transaction closes.
“With the addition of Hexacta, we are strengthening our service portfolio and nearshore delivery capabilities, adding deep technical expertise and unique industry know-how,” stated GlobalLogic’s newly appointed CEO Nitesh Banga.
We're excited to announce today the acquisition of @Hexacta, a Pan-Latin-America digital and data engineering company.
— GlobalLogic Inc. (@GlobalLogic) January 5, 2023
In a press release, GlobalLogic assured Hexacta’s nearshore locations are ideal for its North and South American clients who place greater emphasis on time-zone alignment.
The Uruguayan company will not be integrated into GlobalLogic, though it may open up avenues for the software provider to attract tech talent in several Latin American countries, notably Argentina.
Hexacta makes most of its revenue from custom software development services, and the majority of its customers are in industries like healthcare, media, gaming, edutech and fintech.
Founded in 2000, GlobalLogic is owned by Japanese industrial conglomerate Hitachi, which bought the IT provider in April 2021 for a whopping $9.6 billion.