Infogain buys Gurgaon firm

Information technology services company Infogain said it had entered the business process outsourcing sector through acquisition of two BPO business in India and the US including a 100-seat capacity business in Gurgaon.

"We want to jump-start into business process outsourcing operations. One of our acquisition is a 100-seat live business process outsourcing business in Gurgaon, which has been formed into a separate company," Kapil Nanda, chairman and chief executive officer of Infogain said.

Infogain had acquired the customer base of another business process outsourcing centre is the US, he added.

He said since the company did not acquire any facility in case of both these acquisitions, the financial transactions were not significant. Infogain acquired only people and business, he added.

He did not identify the two acquired companies nor disclose the size of the deal.

With these acquisitions, Infogain had got business process outsourcing clients in the US and the UK in the space of financial services, he said.

The company is planning to add up to 500 people for the business process outsourcing operations in the next one year and is also building a third facility in Noida to accommodate the BPO employees along with infotech services.

Its India expansion investment including the business process outsourcing would be $5 million, Nanda said.

Infogain has opened a second facility in Noida recently to focus on product engineering services. "We are expecting 50 per cent of our revenue to come from business process outsourcing services in two years. Currently two-third of the revenue come from the US," he said.

The US-based Infogain has two development centres in Noida and the Indian operation is a 100 per cent arm.