Optimus to acquire iBackoffice’s assets

Venkatachari Jagannathan
06 December 2002

Chennai: Optimus Outsourcing Company — a 100 per cent subsidiary of Polaris Software Lab — announced the acquisition of the assets belonging to the Bangalore based iBackoffice.com, a customer relationship management company.

A press release issued by Optimus yesterday stated that the company’s binding offer to iBackoffice has been accepted by the latter. According to the release, the key investor in iBackoffice is Global Technology Venture, Bangalore.

According to iBackoffice’s chief operating officer Subhendu Mitra, “Optimus will acquire our Bangalore call centre and the data centre in Miami.” The Indian office has room to accommodate 250 seats but has rolled out 120 seats. “Our employee strength is 180,” says Mitra.

According to Mitra, both companies are yet to decide on the fate of iBackoffice’s marketing office in USA. “Polaris has several offices in USA. So a decision about our office is yet to be taken.”

Mitra says the takeover by Optimus will enable iBackoffice to offer additional value-added services to financial sector players, apart from the call centre services offered now.

However, he declined to reveal the price offered by Optimus.