Business Standard reported today that IT major Wipro Technologies and Gurgaon-based knowledge process outsourcing firm Copal Partners have expressed interest in bidding for the Indian back office business of Lehman Brothers Holdings, the US-based investment banking firm that filed for bankruptcy protection yesterday.
Investment banking sources said Wipro and Copal have been looking at buying opportunities in this space for some time.
BS standard also reported that tthe Lehman BPO unit does not have an anchor client it may help them quickly scale up the business. But I am failing to understand why these companies have to bid for a company that does not have any client. If it is for acquiring the brains they are now out on roads seeking for potential buyers. I don't know if Wipro and Copal would like to acquire the set-up (the leased space and second hand chairs and computers) in Powai. Considering an IT mammoth such as Wipro, which has proven capabilities in setting up offices across the globle, we did not understand the bigger strategic agenda, if any, behind this bidding.
1 comment:
Mastaru.............
Looked into ur blog... good content but needs formatting :-) ....
Any update on the BoFA back office post acquistion and Citi back office ..
Post a Comment