Hinduja TMT completes buy-out of multi-city BPO Company in US
09 Jan 2007
Hinduja
TMT Ltd today announced having completed the acquisition
of the multi-city US based BPO company, AFFINA, for
$30 million, including earn-outs.
Commenting on the development, Partha Sarkar, CEO, of, Hinduja TMT, said, "AFFINA is a strategic fit in HTMT''s global vision. Our efforts are now concentrated on integrating AFFINA into the HTMT family and creating synergies. We have already kick-started the integration process and are confident that the marriage of domain expertise, CRM capabilities and management skills will unlock value for all our stakeholders."
Illinois-based Affina, a reputed BPO brand in the US, has annual revenues of $60 million with operations in seven centres in the US and Canada. With this acquisition, the company will now be operating from 14 cities, seven of which are in North America, one each in the Philippines and Mauritius and five in India. The integrated entity would have a customer base of 65 customers and a total headcount of 9200 employees.
With this acquisition, the Company''s consolidated revenues go up to $130 million (Rs579.54 crore), making it one of the top five BPO companies in India.
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