January 6, 2023

Clearsight Advises Hexacta in its Acquisition by GlobalLogic

Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce another marquee product engineering transaction in its Digital Transformation Practice. Clearsight served as the exclusive advisor to Hexacta, S.A. (“Hexacta” or the “Company”) in its pending acquisition by GlobalLogic, a Hitachi Group Company (“GlobalLogic”).

Headquartered in Montevideo, Uruguay, Hexacta is a rapidly growing digital and data engineering company. The Company delivers high-quality software development, IT consulting, UI/UX design, and data engineering and analytics services, utilizing all phases of the software engineering lifecycle to create a highly satisfied client base of globally renowned brands. Hexacta brings 800 employees in 10 centers across Argentina, Colombia, Peru, the United States and Uruguay to GlobalLogic, thereby broadening GlobalLogic’s capabilities and offerings, and providing greater access to strong engineering talent across Latin America. This acquisition will further enable GlobalLogic to augment Hitachi’s strengths in information technology, operating technology, and products, as GlobalLogic continues to service global market demand.

Juan Navarro, Founder and Partner at Hexacta, remarked on the transaction, “We interviewed multiple investment banks and ultimately chose Clearsight for its high-caliber team and unmatched industry experience. We couldn’t be happier with our decision and are grateful for Clearsight’s sound advice and relentless efforts throughout the process. We look forward to the next chapter with GlobalLogic and Hitachi.”

Philo Tran, Managing Director and Head of Clearsight’s Digital Transformation Practice, noted, “Juan and the Hexacta team have done an incredible job scaling the Company into the outstanding product engineering firm it is today. It was a pleasure to work with their team, and we’re excited to see Hexacta enhance GlobalLogic’s digital transformation capabilities.”

Clearsight Managing Director Alex Johnston added, “The market leaders in digital product development offer diversified global delivery, facilitating Agile collaboration and innovation for enterprise clients in all corners of the world. The combination of GlobalLogic and Hexacta unites two premium brands and bolsters both companies’ abilities to compete at a global scale. GlobalLogic and Hitachi represent a great strategic and cultural fit for Hexacta, and the Clearsight team is honored to have been a part of such a pivotal transaction. We look forward to watching them innovate across digital transformation.”

The Clearsight deal team included Philo Tran, Alex Johnston, Austin Kuhn, Ethan Webster, and June Jang.