Hexaware Technologies Ltd

Hexaware Faces Patent Lawsuit in U.S. – Denies Allegations & Vows Defense ⚖️

- Hexaware Technologies sued by Natsoft Corporation and Updraft LLC in the U.S. over alleged patent infringement.

- Hexaware denies all allegations, calling the lawsuit meritless.

- Company expects no material financial or operational impact from the lawsuit.

- Plans to vigorously defend itself, including challenging patent validity and possibly filing a motion to dismiss.

- CEO Srikrishna Ramakarthikeyan states Hexaware’s platforms (Amaze®, Tensai®, RapidX™) are original and do not infringe on third-party IP.

- Platforms developed through significant in-house R&D and financial investment.

- Recently received a Notice of Allowance for a U.S. patent related to Tensai®, reinforcing originality claims.

- No expected changes to operations, customer commitments, partner programs, or financial position.