3i Infotech acquires majority stake in Linear

3i Infotech has acquired a majority stake in Linear Financial & Management Systems (Linear), a Delhi-based BPO (Transaction services) company. Linear carries on its business under the brand name 'Factoring House'.

According to a release issued by 3i Infotech to the BSE today, the acquisition is in line with the stated strategy of the company, of expanding its capabilities in the domestic BPO (Transaction services) business in India.

'Linear is a profit making company and has been in existence for over 15 years. The main business of the company is 'Contact Point Verification' for banks and financial organizations engaged in retail leant. It has clients encompassing private, foreign and public sector banks. Linear was set up and run by Kavi Ghei', the release added.

Rajiv Malhotra, Innovative Solutions, New Delhi was the advisor to both the parties.