Hexaware Strengthens Insurance Capabilities; Forges Strategic Partnership With eBaoTech

MUMBAI, India, March 31, 2010 - Hexaware Technologies, a leading global provider of IT & BPO services and
consulting, today, announced a global partnership with eBaoTech, a leading
provider of a complete suite of new generation core application software and
services for life and general insurance industries.

IT will help insurers improve their underwriting by ensuring correct
pricing of policies as well as enable them to retain accounts for the entire
length of the policy duration by focusing on customer retention strategies.
This will in turn increase the demand for packaged solutions with modern
technology and innovative delivery models. Hexaware and eBaoTech partnership
will address this need with a complete suite of offerings under one umbrella,
thus bringing value in terms of faster implementation timeframes, greater
stability and reduced costs leading to greater ROI.

As partners, eBaoTech will offer robust, comprehensive, SOA based
best-of-breed policy administration systems to insurers; while Hexaware will
provide end-to-end system integration services like implementation, testing,
integration and support for eBaoTech installations globally. Insurance
customers will thus benefit from a modern policy management system.

"With over 14 years of experience in the insurance industry, Hexaware has
a deep understanding of this domain and clearly shares our vision to create a
new global standard for core policy administration systems using modern
technologies and innovative business models. We are proud to work with
Hexaware to accomplish this vision over the next few years," said Daniel
Adamec, Managing Director of eBaoTech Corporation, responsible for global
Alliances.

"We at Hexaware are excited about our collaboration with eBaoTech. Their
insurance applications are mature, highly configurable and enable a quicker
launch of products. Our partnership will help us offer a world class solution
and add more value to our existing and potential customers," said Amberin
Memon, Vice President and Global Head Insurance Vertical, Hexaware
Technologies, Ltd. "Hexaware will follow the Center of Excellence model to
build and extend expertise around eBaoTech's core insurance solutions and its
integration with other software packages like Enterprise Systems in HR &
Financial, Document and Content Management, Business Intelligence and
Analytics (BI & A) in order to provide "insurance-apps-in-a-box" solutions to
our customers. Hexaware will work closely with eBaoTech to identify focus
markets and would formulate cohesive solution strategies to maximize each
others' existing presence in these markets."

About Hexaware

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Effie D'Cunha, effiec@hexaware.com, +91-22-66542682 / 83

Effie D'Cunha, effiec at hexaware.com, +91-22-66542682 / 83