Hinduja Global Acquires Stake in Mphasis’ BPO Unit in India

Hinduja Global Solutions (HGS), the business process outsourcing (BPO) unit of the business conglomerate Hinduja Group has entered into a definitive agreement with Mphasis, a leading IT service firm based in Bangalore, and its wholly owned subsidiary MsourcE India Pvt. Ltd. to acquire a significant portion of their domestic BPO business. HGS finalised the deal […]

Serco BPO Up for Sale to Mend £1.5 Bn Hole in UK Parent Balance Sheet

According to the Economic Times, Nov 14, 2014, Serco BPO, one of the well-known players of the Indian BPO industry is up for sale. The decision for sale has been taken by its UK parent company. The move is seen as an attempt by the UK parent company to raise funds in order to plug […]

Japan’s Outsourcing Inc acquires majority stake in India’s Alp Consulting

As another evidence to the growing interest of the world in India’s rising employment market, Japan-based staffing firm Outsourcing Inc has acquired the majority stake in Alp Consulting, a Bangalore-based hiring firm which has provided employment to more than 4,000 employees in India. Outsourcing Inc paid $5 million which is equivalent to around 31.2 crores […]

Wipro to Acquire Mortgage BPO Opus CMC for $75 Million

Wipro Ltd., one of India’s leading IT giants, is slated to acquire the US-based Opus Capital Markets Consultants. The all-cash deal is of the tune of $75 millions (Rs 467 crore) and includes a deferred earn-out component spread over the next few years. Boost to Wipro’s mortgage solution and outsourcing business This move will boost […]

Bharti Airtel Expanding into the African Market

Bharti Airtel is set to acquire Congo telecom giant Warid group in an effort to increase their market presence in Africa. The definitive agreement will seal Bharti Airtel’s position in the Republic of Congo as the telecom operator of choice for over 2.6 million clients. The details of the agreement were released in a press […]

Apax Closes India’s Largest Exit Deal, Acquires GlobalLogic

GlobalLogic, a small firm started by four IIT graduates was bought for a staggering price of $420 million by Apax Partners, a private equity giant. The deal is thought to be the biggest deal in India, in the exit category for a small group of venture capitalists in 2013. Apax has a stake in India’s […]

Is Healthcare Acquisitions Next Big Outsourcing Avenue in the US?

The introduction of Obamacare is opening up new avenues for outsourcing companies like EXL Services. The company is targeting the healthcare acquisitions arena in the United States even before the market is ready for its services, an attestation to the competitive nature of the outsourcing field itself. Only three Indian BPO providers have been listed […]

Cognizant Announces Plan to Acquire ValueSource NV

Cognizant, a premier IT solutions provider announced its decision to acquire ValueSource NV. The company is a subsidiary of an integrated bank insurance group based in Belgium called KBC. The acquisition is a part of a five year contract with KBC, the Belgium-based group. Cognizant headquartered in the US has made another acquisition announcement apart […]

Infosys to Acquire IT and BPO arms of European companies

The IT giant, Infosys is planning to acquire It and back-office services wings of European companies. The back office and technology services of some European companies are on the outsourcing market, looking to cut costs of production and maintenance. With the bottle neck on the United States market, Infosys and several other Indian companies have […]

CVCI acquires Apollo Global Management from SourceHOV

Citi Venture Capital International (CVCI) is buying the shares of SourceHOV held by Apollo Global Management. Other small shareholders of the firm are also being bought out by CVCI. The value of the deal has not been disclosed yet. However, the estimated values indicate that this may be the largest investment by CVCI in a […]

Sutherland signs a definitive acquisition agreement with the Apollo group

Acquisitions help companies obtain a better share of the market. Companies generating larger revenues try to acquire smaller players within the industry. They may even be found trying their hand in other industries through definite mergers or acquisitions. As reported by VCCircle, Sutherland Global Services (the company), a US based company involved in the provision […]

MphasiS acquires US-based mortgage management firm

Dec 4, 2012: The IT services company MphasiS Ltd controlled by Hewlett-Packard has acquired the US-based Digital Risk LLC, a mortgage management firm, for $175 million. The deal struck was an all-cash one which also had additional earn-out component. Digital Risk is based in Florida and offers the mortgage industry compliance, risk as well as […]