NASDAQ-listed Indian BPO vendor EXL Service Holdings is looking at acquisitions of companies in the $5-30 mn range. Currently, the company is scouting the Eastern European, Caribbean and South American countries for language capabilities, and South Africa for domain expertise in the banking, financial services and insurance (BFSI) space.
Last year, the company had announced the acquisition of Inductis, a strategy and analytics company serving the financial services and insurance industries. As a result of the acquisition, Inductis, with revenues of about $20 mn in 2005 became a wholly-owned and independently branded subsidiary of EXL, focusing on consulting and research and analytics. At the time of acquisition, Inductis had 250 employees based in offices in Gurgaon, New York, New Jersey, and Singapore.
Read the article in The Economic Times.
Dealcurry: Capital Markets, Investment Banking, Private Equity 