After Intelenet deal, BPO sector may see more acquisitions
Thursday, 2nd June 2011
With business process outsourcing (BPO) companies buying information technology (IT) services firms and IT services gearing up their BPO offering, many wondered if the days of pure-play BPO players are over. But the acquisition of Intelenet by UK-based group Serco tells a different story.
Investment bankers and industry analyst believe the IT/BPO space will see some more action. At present, at least, five over $500-million deals are being discussed for potential acquisition. Add to this another 10 in the range of $100 million are at various stage of discussion in both the IT and BPO space, said at least three investment bankers tracking the IT sector.
Publication : Business Standard
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