Hexaware shares rise over 3% on Mobiquity acquisition
Updated : June 14, 2019 10:21 AM IST
Under the cash deal, Hexware will make an upfront payout of up to $131 million and a deferred consideration of up to $51 million, part of which is contingent on earnouts, Hexaware said in a regulatory filing.
Mobiquity group revenue was $70 million for the year ended December 31, 2018.
Mobiquity creates digital products for brands like Amazon Web Services, Rabobank, Philips, Wawa, Backbase and Otsuka.
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