Hexaware's Strategic Acquisition of CyberSolve
Hexaware Technologies, a leading global provider of IT solutions and services, has recently announced its acquisition of CyberSolve, a well-regarded expert in identity and access management (IAM) solutions. This move is designed to enhance Hexaware's cybersecurity capabilities, allowing them to better assist enterprises in their digital transformations. By merging strengths, both companies aim to modernize identity foundations and automate processes using artificial intelligence.
Why Cybersecurity is a Business Imperative
In today’s digital landscape, cybersecurity has become a paramount concern for companies of all sizes. Many chief information officers emphasize that establishing trusted digital identities is a critical aspect of every strategy, from cloud adoption to data protection. As such, the governance and compliance frameworks surrounding these identities are vital for successful business operations.
CyberSolve's Expertise in IAM
CyberSolve comes with a robust history of IAM specialization, having successfully executed over 650 implementations in various sectors, including healthcare, finance, and logistics. With more than 230 specialists and over 20 technology partnerships, CyberSolve has a proven track record of facilitating smooth platform migrations and reliable app onboarding for its clients.
Hexaware's Added Value
By integrating CyberSolve’s capabilities, Hexaware aims to provide enhanced consulting, engineering excellence, and around-the-clock cybersecurity operations. This partnership signifies a shift from individual solutions to a more cohesive identity management strategy, promising to mitigate risks while fostering growth on a global scale.
Leadership Insights on the Acquisition
Siddharth Dhar, President & Global Head of Digital IT Operations & AI at Hexaware, commented on the acquisition, highlighting the increasing importance of effective identity management. He stated that with CyberSolve's expertise, they are poised to deliver quicker value and improved control for their clients, facilitating a more secure environment for digital advancement.
Vision and Mission of CyberSolve
The CEO of CyberSolve, Mohit Vaish, expressed enthusiasm about the acquisition, stating that their mission to inspire trust in digital interactions will significantly expand under Hexaware's umbrella. The merger not only increases their capacity to tackle IAM challenges but also deepens their application of AI for better security outcomes.
Client Reception to the Announcement
Client organizations have reacted positively to the news of this acquisition. Chris Lugo, VP and CISO of the Blue Cross Blue Shield Association, noted that CyberSolve has always provided clarity and momentum in complex initiatives. He believes that the scale and structure that Hexaware brings will enhance their ability to create impactful solutions.
Focusing on the Future of Identity Security
With an eye on what organizations need most in today's climate, the newly combined team will prioritize reliable identity security and efficient operations. The integration is set to deliver seamless onboarding experiences, streamline migrations, and ensure continuous compliance in an ever-evolving business environment.
About CyberSolve
CyberSolve is a globally recognized provider of IAM solutions. Known for its innovation and adaptability, CyberSolve tackles various IAM challenges faced by businesses, governments, and institutions. Their services range from IAM planning and design to modernizing systems and managing IAM requirements across multiple regions.
About Hexaware
Hexaware is a notable global technology and business process services entity, dedicated to helping enterprises achieve digital transformation efficiently. From technology optimization to process management, Hexaware’s commitment is to create impactful solutions that instill trust through technology and people.
Frequently Asked Questions
What was the purpose of Hexaware acquiring CyberSolve?
The acquisition aims to enhance Hexaware's AI-led cybersecurity capabilities and improve identity management solutions for enterprises.
How does CyberSolve contribute to the acquisition?
CyberSolve brings extensive expertise in identity and access management, helping enterprises modernize their cybersecurity frameworks and automate controls.
What sectors does CyberSolve serve?
CyberSolve operates across multiple sectors, including healthcare, finance, logistics, and government, with over 650 successful implementations.
What are the benefits of the merger for clients?
The merger will provide clients with faster, more reliable identity security solutions and streamlined operational processes, ultimately enhancing their digital transformation efforts.
What is Hexaware's vision after this acquisition?
Hexaware aims to leverage CyberSolve's strengths to create a more integrated approach to identity management, reduce risks, and accelerate growth on a global scale.
