Hexaware to Acquire CPS in INR 140 Cr Transaction

Hexaware Technologies has agreed to acquire consulting firm Consulting Professionals Services Holdings Limited (CPS) in a deal valued at up to £11 million (around INR 140 crore), according to ET media reports. 

The move is aimed at strengthening the IT services provider’s capabilities in cloud and AI-led transformation for large global clients.

The acquisition will be executed through Hexaware Technologies UK Ltd, its wholly owned subsidiary, and is expected to close within two weeks. The deal structure includes an upfront payment of £6 million, with an additional £5 million tied to performance-based milestones.

CPS, which operates in the UK and the UAE, offers consulting services across regulatory compliance, governance, risk management, technology infrastructure, and business transformation. The firm works with several large clients, including a FTSE 100 company that already has an existing relationship with Hexaware.

This marks Hexaware’s first acquisition since its purchase of CyberSolve in November last year.

The acquisition aligns with its broader strategy of becoming a trusted partner for AI and cloud transformation, particularly for financial institutions and large enterprises. CPS reported revenue of £11.74 million for 2025–26, slightly up from £11.60 million in the previous 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, added, “We believe this transaction will enable us to deliver greater value to our clients, drawing on the wider capabilities of Hexaware.”