• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• Smartbuy

Stocks

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

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

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

Our Bureau

Chennai, Aug 1 Allsec Technologies Ltd is to acquire the call centre business of Delhi-based i2i Telesource Pvt Ltd for an undisclosed amount.

The acquisition will help the Chennai-based company increase its domestic call centre business from the present 10 per cent of the total revenues (Rs 19.25 crore for the quarter ended June 30) to 30 per cent, according to Mr Ramamoorthi Jagadish, co-founder, Allsec, which provides ‘integrated contact management services’.

Allsec will acquire the domestic call centre division of i2i ‘on a slump sale basis’ (acquire the business, assets and employees and not past liabilities).

The deal envisages that i2i will hive-off all customer contracts/employees and related assets. The entire process is expected to be completed in the next 60 days, says an Allsec press release.

i2i, a company promoted by Mr Chetan Jain, has been in the domestic call centre business for over five years. It currently employs about 1,500 agents and has a pan-India service delivery from 13 locations, which includes a mix of metros and tier-II cities. It has clients in the service and manufacturing sectors.

The domestic BPO sector market size is estimated to grow to $6 billion by 2012 from the present $1.8 billion, says the release.

More Stories on : Mergers & Acquisitions | Outsourcing

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

Stories in this Section
Increased competition for Indian players

Copyright © 2008, 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