Hexaware Technologies has signed an agreement to acquire the UK- and the UAE-based consulting firm Consulting Professionals Services Holdings Limited (CPS) in a deal valued at up to £11 million (about Rs 140 crore), as the IT services company looks to strengthen its presence in cloud and AI-led transformation projects for large global clients.
The Mumbai-headquartered company said the acquisition, to be carried out through its wholly owned subsidiary Hexaware Technologies UK Ltd, is expected to close within two weeks. The deal includes an upfront payment of £6 million, while another £5 million is linked to financial performance targets.
CPS provides consulting services in areas such as regulatory compliance, technology infrastructure, governance, risk management and business transformation. The company primarily operates in the UK and the UAE and works with a FTSE 100 client with whom Hexaware Technologies has an existing relationship.
The buyout is Hexaware Technologies’ first purchase since it bought CyberSolve in November last year.
The acquisition is expected to drive Hexaware Technologies closer to its ambition to be a trusted AI and cloud transformation partner to leading financial institutions and blue-chip organisations, from consulting and advisory to implementation and operations, the company said in its stock exchange filings.
CPS reported an annual revenue of £11.74 million for 2025-26, a marginal increase from £11.60 million in the previous financial year.
“Our customers are increasingly looking for partners who bring trusted advisory and execution excellence. CPS brings a strong consulting capability which aligns with our purpose of creating smiles by delivering business value,” said Parameshwaran Iyer, country head – UK & Ireland at Hexaware Technologies.
Amjad Riaz, managing partner at CPS, said, “Having worked extensively in the financial services and market infrastructure sectors for a number of years, we believe this transaction will enable us to deliver greater value to our clients, drawing on the wider capabilities of Hexaware.”
