The Hindu Business Line : Quatrro willing to spend $400 m for buys

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New Delhi Feb. 4 Quatrro BPO Solutions, which has set aside $250 million for acquisitions for its high-end data analytics work, is open to raising the bar to $400 million as it eyes bigger deals in the US and Asia.

"We are currently in discussion with companies where the deal size could vary from $10 million to $400 million, for which we may require to raise additional funds. We expect to finalise the deal by the end of the quarter," said Mr Raman Roy, Chairman and Managing Director.

Mr Roy, who started the company a year ago, was the architect of Spectramind, which was later acquired by Wipro Ltd, and led the team that created back office operations for GE Capital.

New segments

Quatrro is planning to bring into the country some new segments of work that are currently not being outsourced to India.

Mr Roy said that these would be in the telecom sector and some of the untapped areas in finance and accounting related to SMEs.

Quatrro, with a team of around 600 employees, has roped in highly qualified people for its analytic work and senior executives from MNCs.

China operations

The company began operations in China a few weeks back and will be providing BPO services linked to manufacturing to grow its business in that market.

It also has a presence in the US, Sri Lanka and Singapore markets, where it offers services in verticals such as finance and accounting, healthcare, mortgage and banking, as well as newer areas in legal outsourcing, consumer analytics, risk management, clinical research and engineering design.

Partnerships

Quatrro typically works through partnerships for BPO processing across verticals.

It has a joint venture with Sri Lanka's John Keells Holdings (JHK) Ltd for the Indian and Sri Lankan markets and partners with Annik Technologies for market research and analysis.

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