India’s fifth-largest software-services, HCL Technologies acquired UK-based BPO firm Liberata Financial Services (LFS) on Wednesday. It includes acquisition of four LFS delivery centers in the UK with 800 professionals. HCL would invest $24 million in the business in the next three years.

HCL BPO president & CEO, Ranjit Narasimhan said that deal of $2 million will make HCL a leading service provider in the UK market for the Life and Pensions industry. LFS is expecting revenue of about $60 million in this year. It has already booked orders worth Rs$540 million which would be executed in next few years. Liberata Limited CEO said that LFS will now focus on its core BPO business in the public sector.

Liberata Financial Services provides administrative and customer services to the life insurance and pensions industry. The acquisition will strengthen the software’s firm position in financial service segment.

The recent acquisition of LFC is a second acquisition by HCL in the current year. Earlier in February it had acquired US-based Capital Stream Inc for about $40 million.