3i Infotech acquires majority stake in Delhi-based BPO Linear
04 Dec 2007
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3i Infotech Ltd has acquired a majority stake in Linear Financial & Management Systems Pvt Ltd (Linear), a Delhi based transaction services company. Linear carries on its business under the brand name ''Factoring House''.
Linear is a profit making company and has been in existence for over 15 years. The main business of the Linear is ''contact point verification'' for banks and financial organisations engaged in retail lending, with clients encompassing private, foreign and public sector banks.
The acquisition is in line with the stated strategy of 3i Infotech, of expanding its capabilities in the domestic transaction services BPO business in India.
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