Mergers and Acquisitions in BPO World -2003


Acquiree Acquirer / VC Value Date Reason For Acquisition
IndiaLife Hewitt Not Available April 2003 To expand presence in the Asia-Pacific region.
Phoenix, USA
Ephinay Not Available July 2003 To acquire customers and consulting experience, move up the value chain and get a US delivery centre.
WNS Not Available September 2003 To enter the US healthcare market.
CorPay Solutions
Detroit, USA
Datamatics $9m October 2003 Set up US front-end and ramp up finance and accounting offering.
Philadelphia, USA
Godrej $6m November 2003 To enter the $800m travel services market in the US.
Aegis Communication Corp
Texas, USA
Essar (with Deutsche Bank) $28m November 2003 Access to blue-chip telecom and financial services firms. 5000 seats and 11 centres in the US.
San Francisco, USA
Indecomm Not Available December 2003 Establish US delivery centre.
Source: Media Reports

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