Latest news with #SMCGroup
Business Standard
17-07-2025
- Business
- Business Standard
Hexaware Tech edges higher after inking deal to acquire GCC building firm SMC Squared
Hexaware Technologies advanced 1.35% to Rs 869 after the company announced that it has entered into share purchase agreements for the acquisition of Tech SMC Square India and Tech SMCSquared (GCC) India. The acquisition is subject to the satisfaction of closing conditions, the company said. In India, the Global Capability Center (GCC) segment is experiencing exponential growth, with the market projected to exceed $100 billion by 2030. Hexaware stated that this presents a significant opportunity for the firm to expand its footprint and deepen its capabilities in this space. The acquisition will be carried out for an all-cash consideration of up to $120 million (around Rs 10,291.2 crore), including an upfront payout of $45 million, earnouts worth up to $45 million, and an additional $30 million as outperformance bonus. The transaction is expected to close on the same day, July 17. SMC Group currently has around 500 employees, with a go-to-market office in the United States and delivery centers in Bengaluru and Hyderabad. The SMC Group includes the US-based parent SMC Squared LLC, along with its Indian subsidiaries. The combined group posted a turnover of $22.58 million in calendar year 2024, compared to $14.35 million in 2023 and $7.34 million in 2022. Their services span the IT and ITeS segments, operating across India and the US. Hexaware said that acquiring SMC would provide immediate access to well-established GCC expertise. The integration will enhance the companys ability to offer end-to-end solutions for setting up and managing GCCs globally. Hexaware Technologies is a global digital and technology services company with artificial intelligence (AI) at its core. The company leverage technology to deliver innovative solutions that help its customers in their digital transformation journey and subsequent operations. The companys consolidated net profit increased 2.6% to Rs 327.2 crore on 1.7% rise in revenue from operations to Rs 3,207.9 crore in Q1 CY25 over Q4 CY24.
Broadcast Pro
09-05-2025
- Business
- Broadcast Pro
Podeo selects SMC Group as exclusive advertising partner
Beyond monetisation, the partnership aims to develop advanced audience analytics to boost campaign performance. Podeo, the podcast platform in the Middle East and North Africa, has entered into an exclusive partnership with SMC Group to transform podcast advertising across the region. Under the agreement, SMC Group will serve as Podeo's exclusive advertising sales partner in the UAE and Saudi Arabia, aiming to create a new standard for digital audio advertising. The partnership was officially signed during a ceremony in Dubai, with Podeo Founder and CEO Stefano Fallaha and SMC Group's Media Executive Director Michel Bayeh in attendance, alongside senior figures from both organisations. The collaboration is set to reshape the podcasting landscape by connecting content creators with premium brand advertisers and delivering high-impact, emotionally resonant ad experiences. Podeo stands out as the region's only podcast platform purpose-built to help creators scale their audience, gain visibility and monetise their work effortlessly. Through its proprietary technology, some creators on Podeo have already surpassed AED 100,000 in monthly income by leveraging targeted audio advertising. The platform is designed to turn podcasts into sustainable revenue channels without requiring extra effort from creators. With strategic partnerships across major media outlets, including the Saudi Broadcasting Authority, beIN Sports, and Saudi Airlines, SMC brings extensive market expertise and reach to the collaboration. Commenting on the partnership, Stefano Fallaha, Founder and CEO of Podeo, said: 'At Podeo, we've built the infrastructure to make podcast advertising effortless and powerful. This partnership is about unlocking podcasting's true potential for brands and agencies, delivering undivided attention, authentic engagement, and measurable, long-lasting impact at scale.' Michel Bayeh, Media Executive Director at SMC Group, added: 'This partnership underscores SMC's ongoing commitment to advancing the media landscape through smart, high-performance platforms. By aligning with Podeo, we're not only enhancing our digital offering but also supporting the expansion of podcast monetisation across MENA with more efficient, data-driven solutions.' Together, Podeo and SMC Group continue to supercharge the future of media monetisation in the region. This partnership also sets the stage for developing an advanced data infrastructure to enhance audience insights and campaign performance, supporting the rise of targeted audio advertising, one of the fastest-growing ad channels globally.
