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Infosys BPO has acquired Marsh, a company in Iowa of US that provides back-office services in the area of group life insurance business.
While the size of the deal was not disclosed, the 87 employees of Marsh BPO will be absorbed into McCamish Systems LLC, a subsidiary of Infosys BPO that it had acquired in 2009.
The BPO arm of Infosys will get access to seven insurance companies that handle six lakh American claims.
Talking to Business Line , CEO and MD of Infosys BPO Swami Swaminathan said: “With this addition to the footprint of Infosys BPO operations, our capabilities and domain expertise in Group Life Administration have been significantly enhanced.”
The footprint also gives Infosys BPO, additional revenue gains upwards of $10-12 million in the coming quarters. “This enables us to get new clients in this vertical,” added Swaminathan.
Infosys BPO does back-office work in areas such as manufacturing, financial services, procurement and HR. The company is looking at acquiring clients for back-office work in verticals such as manufacturing and healthcare.
The BPO arm of Infosys clocked $135 million in revenues in the first quarter of current fiscal, a 23 per cent growth over fourth quarter of FY12 on the back of more transformational projects rather than plain vanilla BPO services. Further, Infosys BPO expects to grow in the 16-20 per cent range this fiscal.
To keep this growth going, Infosys BPO at the first quarter FY13 results said that it was eying acquisitions. “We will look at acquisitions in certain domains where we can grow faster,” Swaminathan had said.
> venkatesh.ganesh@thehindu.co.in
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