BPO Industry

Aegis BPO To Acquire US-Based PeopleSupport For $250 Mln

Aegis BPO, a global business process outsourcing (BPO) provider and part of the Essar group, has agreed to buy the Nasdaq-listed offshore BPO provider PeopleSupport, in an all cash deal of $250 million through its Mauritius subsidiary Essar Services.

As per the agreement, Aegis BPO will pay PeopleSupport stockholders $12.25 a share in cash through Essar Services (Mauritius), which represents a premium of about 29% over PeopleSupport’s closing share price on August 1, the last trading day prior to the announcement, and a premium of about 42% over the weighted average trading price of the company’s shares during the previous 30 trading days.

The deal has been approved by the boards of directors of both companies.

Patni Computer Systems launches its first Green-IT BPO knowledge centre at Noida

Patni Computer  Systems

NASSCOM positive for IT, BPO industry growth by 10-15% in coming 5 yrs

A recent survey by NASSCOM has revealed that IT and BPO industry is expected to grow 15 to 20 per cent in the coming five years. This will also give a rise to employment up to eight million.

Quatrro BPO acquires UK-based Babel Media

BT Group arm secures $ 650 million contract from Procter & Gamble

Genpact enters training business; forms JV with NIIT