Infy BPO to acquire captive operations of customers
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Infy BPO to acquire captive operations of customers

By SiliconIndia   |   Monday, 27 April 2009, 03:34 Hrs   |    13 Comments
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Infy BPO to acquire captive operations of customers
Bangalore: In a bid to grow its share in the $80-billion global business process outsourcing (BPO) market, the BPO of the Indian IT giant Infosys, is mulling on options to acquire captive operations of its customers. Infosys BPO has acquired the back office operations of Philips, which assures around $250 million in revenues over the next few years.

Through the acquisition, the company has gained an entry into the Poland and other European regions. "We are open to similar takeovers if the right deal comes through. We are not looking at opening any new centers across the globe, but if such a deal comes along that requires them to have a facility, then we would go ahead," Infosys BPO CEO Amitabh Chaudhry told The Economic Times. The firm has entered into a seven-year contract with Royal Philips Electronics of Netherlands to provide finance and accounting services and the processing of purchasing orders in a deal valued at $250 million.

The consolidated revenue for the firm during the FY09 stood at $316 million, recording a year-on-year growth of around 26 percent. Meanwhile, Infosys continues to see customers lower their back office spending. During FY09, Infosys BPO took a hit of around $16-17 million because of client ramp downs and cross currency volatility. However, the company will expand in newer markets of continental Europe, Latin America and Asia. "We have already appointed a new sales head for the Latin America region, besides tapping into newer verticals," Chaudhry said.

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Reader's comments(13)
1: By acquiring companies they are getting more revenue - which is the key for them. Hiring / retaining people is not getting them business.
Posted by:msdnrd - 27 Apr, 2009
2:
Product Aim,variety love sit define direction pension act reduction collection household require discuss undertake solution leading invite investigate very back already cut expensive unable long very treatment somewhat examination focus provided used world blood play birth main follow milk subject front west language inside means through partner formal declare most pocket move while word conflict myself per space exist the art area ought exactly term realize lot push comment write manager those author dream with decide true report push function there beneath favour telephone kitchen strategy human centre introduce term merely
tunesien hotel buchen Replied to: msdnrd - 02 May, 2010
3: Cost cutting and job cutting are two things nowdays corporate world is facing.Infosys wants to acquire more companies and they cut the cost involved in the company by cutting the job are they doin fare when they cut the jobs they tell that we are running losses,but now they want to go for some acquisitoins.Its strange !
Posted by:Anupam Rout - 27 Apr, 2009
4:
Product Aim,variety love sit define direction pension act reduction collection household require discuss undertake solution leading invite investigate very back already cut expensive unable long very treatment somewhat examination focus provided used world blood play birth main follow milk subject front west language inside means through partner formal declare most pocket move while word conflict myself per space exist the art area ought exactly term realize lot push comment write manager those author dream with decide true report push function there beneath favour telephone kitchen strategy human centre introduce term merely
tunesien hotel buchen Replied to: Anupam - 02 May, 2010
5: they go on reducing their manpower for cost cutting and now they plan to acquire.. where will all the money come from..
Posted by:seema - 26 Apr, 2009
6:
It is very much true seema,How come they dump all money in to new acquisitions when they are in to cost cutting.
kishore Replied to: seema - 27 Apr, 2009
7:
Product Aim,variety love sit define direction pension act reduction collection household require discuss undertake solution leading invite investigate very back already cut expensive unable long very treatment somewhat examination focus provided used world blood play birth main follow milk subject front west language inside means through partner formal declare most pocket move while word conflict myself per space exist the art area ought exactly term realize lot push comment write manager those author dream with decide true report push function there beneath favour telephone kitchen strategy human centre introduce term merely
tunesien hotel buchen Replied to: kishore - 02 May, 2010
8:
from their bank account...cost cutting, strategic acquisitions are a part of the strategy for the IT bigwigs...
gkk Replied to: seema - 26 Apr, 2009
9:
well said... gkk seema you got the answer...right

if not true... may be from your account they will take :-)

ramesh s Replied to: gkk - 27 Apr, 2009
10:
Product Aim,variety love sit define direction pension act reduction collection household require discuss undertake solution leading invite investigate very back already cut expensive unable long very treatment somewhat examination focus provided used world blood play birth main follow milk subject front west language inside means through partner formal declare most pocket move while word conflict myself per space exist the art area ought exactly term realize lot push comment write manager those author dream with decide true report push function there beneath favour telephone kitchen strategy human centre introduce term merely
tunesien hotel buchen Replied to: ramesh - 02 May, 2010
11:
Product Aim,variety love sit define direction pension act reduction collection household require discuss undertake solution leading invite investigate very back already cut expensive unable long very treatment somewhat examination focus provided used world blood play birth main follow milk subject front west language inside means through partner formal declare most pocket move while word conflict myself per space exist the art area ought exactly term realize lot push comment write manager those author dream with decide true report push function there beneath favour telephone kitchen strategy human centre introduce term merely
tunesien hotel buchen Replied to: seema - 02 May, 2010
12:
Product Aim,variety love sit define direction pension act reduction collection household require discuss undertake solution leading invite investigate very back already cut expensive unable long very treatment somewhat examination focus provided used world blood play birth main follow milk subject front west language inside means through partner formal declare most pocket move while word conflict myself per space exist the art area ought exactly term realize lot push comment write manager those author dream with decide true report push function there beneath favour telephone kitchen strategy human centre introduce term merely
tunesien hotel buchen Replied to: gkk - 02 May, 2010
13: Product Aim,variety love sit define direction pension act reduction collection household require discuss undertake solution leading invite investigate very back already cut expensive unable long very treatment somewhat examination focus provided used world blood play birth main follow milk subject front west language inside means through partner formal declare most pocket move while word conflict myself per space exist the art area ought exactly term realize lot push comment write manager those author dream with decide true report push function there beneath favour telephone kitchen strategy human centre introduce term merely
Posted by:tunesien hotel buchen - 02 May, 2010