Aditya Birla Minacs acquires UK based Compass BPO

Bangalore: Aditya Birla Minacs, a global business solutions company, has acquired UK based Compass BPO, a pure-play end-to-end Finance and Accounting (F&A) services provider, reports PTI.

Through this acquisition, Minacs would take over all the operations of Compass across the UK, the U.S., the Middle East and in India, bringing Minacs' F&A employee strength to 600. Finacial terms of the deal have not been disclosed. The founders of Compass, David McCullough and Mark Atkins would join Minacs' management.

Commenting on the deal, Deepak Patel, CEO, Aditya Birla Minacs said, "With Compass forming the core of Aditya Birla Minacs F&A, we are now strongly positioned to be an integral part of our clients' core processes. Compass is already a highly respected force in the F&A space with the full spectrum of capabilities."

Patel said that, with 10 years of operations, Compass has excellent client credentials, a highly qualified team, and strong domain expertise. "This move is part of our strategic roadmap, and brings to Minacs significant credibility in the fast growing F&A business," he said.