| |
| Rediff India Abroad Home | All the sections | |
|
|
TCS may buy UK firm Vertex for $800 mn June 15, 2006 14:46 IST India's largest software company Tata Consultancy Services is holding discussions with United Utilities to acquire its business process outsourcing arm, Vertex for an estimated $800 million (Rs 3,600 crore). "Talks are at preliminary stages," sources in the know said. Meanwhile in response to a query, TCS told Bombay Stock Exchange that as a matter of policy it does not respond to any speculative news items or queries in such matters. "As indicated in the past, acquisitions are a part of the company's growth strategy. Acordingly, the company considers from time to time various proposals for acquisitions and mergers," it said. A company spokesperson, when contacted, refused to comment. Sources, however, said that the acquisition of Vertex could cost around $800 million to TCS. Vertex - which runs back office in areas like customer services, human resources, procurement, finance and accounting is already a client of TCS. It has 9,000 employees across UK, US, Canada and India. The company has two centres in Gurgaon and 1,800 employees. Are you working at a BPO, or planning to work at one? Join the BPO Discussion Group
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
