• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Moumita Bakshi Chatterjee Vishwanath Kulkarni

Bangalore, Aug. 6 With four investments tucked firmly in its belt, Raman Roy promoted Quatrro BPO Solutions has now acquired a US company, in a move that will enable it to combine and optimise onsite and offshore capabilities to service markets such as mortgage.

“It is a 100 per cent acquisition of a spin-off, and will offer us competency of professionals, reduce our time-to-market and also involve a contract. The meltdown has prompted mortgage companies to not only reduce their credit exposure but also look at reducing costs significantly. This creates a huge opportunity and we see ourselves playing a big role,” Mr Roy told Business Line on the sidelines of Nasscom India ITES-BPO Strategy Summit 2007.

Declining to spell out the details of the upcoming acquisition, he said that the company would announce its latest buy sometime this week.

Quatrro, where Asia-focused fund Olympus Capital had announced a $100-million investment for a ‘significant minority stake’ last year, has about $300 million of funds tied-up at present, and has used up a “small proportion” of this so far. “We will be able to use up the entire amount in the next 3-4 years in acquisition,” he said.

The latest buy-out follows a string of acquisitions by Quatrro. In October 2006, in its first 100 per cent takeover of a business, Quatrro had acquired the BPO arm of Flextronics Software Systems (FSS) along with 120 employees in its technical support function.

The two companies also entered into a strategic alliance under which Flextronics would refer any BPO requirements of IT clients to Quatrro, while Quatrro would influence IT services requirements of its BPO clients to FSS.

Quatrro’s investments also include a 40 per cent stake in Anik Technologies.

More Stories on : Mergers & Acquisitions | Outsourcing

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
TCS Fin gets $200-m deal for banking tool

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line