Business Daily from THE HINDU group of publications
Sunday, June 21, 2009
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Business Daily from THE HINDU group of publications Sunday, June 21, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Update at 1230 hrs (IST)
Info-Tech Aegis BPO eyeing African acquisition MUMBAI: On an acquisition spree, Essar Group's BPO arm Aegis Ltd is looking to acquire a Business Process Outsourcing (BPO) company in Africa. “We are looking to acquire one BPO company in Africa. However, we can't disclose further details now,” Essar Global Chairman Mr Shashi Ruia said. Aegis BPO's Chief Executive Mr Aparup Sengupta had said earlier that the company would like to expand its footprint in South Africa, which is a developing market. “The acquisition or assets purchased will be in the area of customer lifecycle management s pace,” Mr Sengupta had said. Aegis BPO has acquired 12 firms worldwide in the last three years. Latest to come into its fold is an Australian BPO service provider, UCMS Group, which it bought for Australian$45 million last month. In October last, Aegis BPO had acquired Nasdaq-listed off-shoring firm “PeopleSupport” for close to Rs 1,057 crore. This enabled the Essar Group company to add the Philippines to its list of delivery locations. The company had earlier said that it plans to acquire four BPO companies in a year. The merger and acquisition team of the firm at any given point of time evaluates at least six targets. - PTI
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