Hexaware Launches QCaaS in Partnership with Archimedis Digital

Setting a Quality & Compliance Foundation for Life Sciences Firms to Leverage Technological Advancements

Hexaware Technologies, a provider of IT services and solutions, has partnered with Archimedis Digital to introduce Quality & Compliance as a Solution (QCaaS). Inspired by Computerized Systems Assurance (CSA) and powered by Artificial Intelligence (AI), this solution is designed to assist the life science industry by ensuring quality and cost-effectiveness without risking regulatory compliance. 

 Key Features of QCaas:

• US Food and Drug Administration (FDA) CSA Inspired: Built on the FDA CSA (Computerized Software Assurance) principles of risk-based validation, critical thinking, and lean documentation.
• GenAI Powered: Features a digital platform centered on AI, with multiple GenAI-based tools to accelerate document generation, risk analysis, and quality reviews.
• Domain Experts in the Loop: Integrates quality and compliance experts with years of industry experience and contextual intelligence.
• Value for Money: Reduces costs and time for verification and validation activities, leading to faster product releases and upgrades.

Hexaware’s extensive reach, combined with Archimedis Digital’s domain expertise, aims to provide a solution for BioPharma, MedTech companies, and allied industry segments requiring regulatory compliance. This collaboration endeavors to address the need for cost reduction and expedited quality processes in the life sciences industry.

Srinivas Marimganti, Head of Life Sciences & Healthcare, Hexaware Technologies stated: “We are pleased to partner with Archimedis Digital in delivering QCaaS to our broad range of life sciences clients. This collaboration combines Hexaware’s expertise in client solutions with Archimedis Digital’s domain capabilities. We’re excited to bring this capability to the industry, targeted towards driving faster, more reliable outcomes.”

Duraisamy Rajan Palani, Founder & CEO, Archimedis Digital, added: “We have created a Quality & Compliance framework leveraging our years of life sciences industry experience and are in the process of digitizing the same. We are thrilled to take this solution to Hexaware’s clients.”

About Archimedis Digital

Present in the US and India and expanding in LATAM and Europe, Archimedis Digital builds digital products and offers services exclusively to life sciences firms worldwide. Originating from a business group that develops and manufactures pharmaceutical products, Archimedis combines its deep-rooted domain expertise with technology to build innovative solutions for the life sciences industry. The company provides comprehensive solutions for quality and compliance. For more information, visit www.archimedis.io.

About Hexaware

Hexaware is a global technology and business process services company. Every day, Hexawarians wake up with a singular purpose; to create smiles through great people and technology. With offices across the world, we empower enterprises worldwide to realize digital transformation at scale and speed by partnering with them to build, transform, run, and optimize their technology and business processes.

“Hexaware Technologies Limited (the “Company”) is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its equity shares and has filed a draft red herring prospectus dated September 6, 2024 (“DRHP”) with the Securities and Exchange Board of India (SEBI). The DRHP is available on the websites of our Company, at www.hexaware.com, SEBI at www.sebi.gov.in as well as on the websites of the book running lead managers, Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, J.P. Morgan India Private Limited, HSBC Securities and Capital Markets (India) Private Limited, and IIFL Securities Limited, at https://investmentbank.kotak.com, www.online.citibank.co.in/rhtm/citigroupglobalscreen1.htm, www.jpmipl.com, https://www.business.hsbc.co.in/en-gb/regulations/hsbc-securities-and-capital-market, and  www.iiflcap.com respectively, and the websites of the stock exchange(s) at www.nseindia.com and www.bseindia.com, respectively. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risk, see “Risk Factors” of the RHP, when available. Potential investors should not rely on the DRHP for any investment decision.”

Learn more about Hexaware at https://hexaware.com/

Safe Harbor Statement

Certain statements in this press release concerning our future growth prospects are forward-looking, which involve numerous risks and uncertainties that could cause actual results to differ materially from those in such statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases globally, our ability to attract and retain highly-skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Hexaware has made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry.

For more information, please contact:

Reena Kamble
Hexaware Technologies
reenak3@hexaware.com

 

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