Hexaware Technologies Acquires SMC Squared

Hexaware Acquires CyberSolve to Boost AI-Led Identity Security

November 6, 2025

Cybersecurity

Hexaware Technologies has acquired CyberSolve, a specialist identity and access management (IAM) provider, to expand its AI-led identity security and managed cybersecurity capabilities. The deal combines CyberSolve’s IAM expertise and specialist teams with Hexaware’s global consulting, engineering scale, and 24x7 security operations to accelerate identity modernization, faster onboarding, smoother migrations and continuous compliance for enterprise clients.

Hexaware Technologies Acquires Softcrylic

May 6, 2024

Data & Analytics

Hexaware Technologies has acquired Softcrylic, a Minneapolis-based data consulting firm, to strengthen Hexaware's data and analytics, marketing technology, and customer-journey capabilities. The acquisition integrates Softcrylic's marketing analytics and engineering expertise with Hexaware's engineering and AI capabilities to expand data-driven offerings for enterprise clients.

Qualys Acquires Assets of Blue Hexagon

October 4, 2022

Cybersecurity

Qualys, Inc. acquired the assets of AI/ML cybersecurity provider Blue Hexagon and will integrate Blue Hexagon’s deep-learning network detection capabilities into the Qualys Cloud Platform to provide predictive analytics and real-time threat detection. All Blue Hexagon employees joined Qualys, with Blue Hexagon CEO Nayeem Islam joining as VP of product management; the deal closed on October 4, 2022 and was paid mostly in cash with a portion in stock.

Opus 2 Acquires Bar Squared

February 10, 2021

Cloud & SaaS

Opus 2 has acquired Bar Squared, the provider of LEX chambers management software used by more than 240 chambers and 11,000 barristers and clerks. The acquisition will integrate Bar Squared's chambers management capabilities with Opus 2's cloud-based collaboration and dispute solutions to create a more connected digital practice for barristers, clerks, solicitors and clients.

ProPharma Group Acquires M Squared Associates

March 16, 2022

Healthcare Services

ProPharma Group, a portfolio company of Odyssey Investment Partners, has acquired M Squared Associates, a clinical, regulatory and quality consulting firm serving the medical device and diagnostic industry. The acquisition expands ProPharma's med‑tech capabilities across clinical affairs, regulatory strategy and quality systems, enabling broader end‑to‑end support for device, combination product and diagnostic clients globally.

Hexagon AB Acquires ETQ

February 25, 2022

Cloud & SaaS

Hexagon AB acquired ETQ, a Massachusetts-based provider of SaaS quality (QMS), EHS and compliance management software, for $1.2 billion in cash on a debt- and cash-free basis. ETQ—headquartered in Burlington, Massachusetts with ~185 employees and expected 2022 revenue of ~$75M—will join Hexagon’s Manufacturing Intelligence division to accelerate Hexagon’s cloud journey and expand its quality-management capabilities across manufacturing and regulated industries.