UK-based business process outsourcing (BPO) company Vertex is scouting for takeover opportunities in India and has reportedly zeroed in on Spanco BPO — a 6,500-strong outfit.
With revenues of around Rs 75 crore, Spanco’s BPO division has three broad arms — one catering to the domestic market, the second, Spanco Respondez, catering to the UK market and the third, GKS, servicing Qatar-based banking clients. The deal size is said to be in the region of Rs 175 crore.
Spanco BPO’s biggest clients are Reliance Telecom, Videocon Mobile, Citi Financials and Kotak Mahindra.
Though both companies categorically denied that such a deal is on, sources close to the development say that a due diligence has already been done. If the deal goes through, Vertex would get a toehold in the Indian BPO market.
http://timesofindia.indiatimes.com/Tech/News/Outsourcing/Desi-BPO-on-UK-cos-radar-/articleshow/6158555.cms
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