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Essar interested in buying Satyam BPO
January 20, 2009 18:41 IST
Essar group firm Aegis BPO has submitted an expression of interest for acquiring the BPO business of the beleaguered Satyam Computer Services [Get Quote]. Sources said Aegis submitted the EoI recently as the Essar group is trying to expand its BPO business.
When contacted the company spokesperson declined to comment.
Sources said Aegis, which recently acquired the Philippines' back-office outsourcing group PeopleSupport Inc for $ 12.50 a share in a deal worth $ 250 million, has completed the transaction and now is looking at adding more companies for synergy.
Aegis BPO has annual revenue of about $ 500 million, and 15-odd Fortune 500 companies among its global clients. Satyam BPO has 3,500-odd employees and international clients. Aegis BPO employs around 32,000 employees globally.
Both Aegis and Satyam BPO work with companies in telecom, banking, finance and insurance. Satyam BPO's biggest international clients reportedly include BellSouth, Verizon and GlaxoSmithKline [Get Quote].
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