Source: www.business-standard.com

Delhi-based EXL Services Holding is planning to acquire mid-sized companies with revenues ranging between $50 million and $100 million (around Rs 200-400 crore) as a part of its inorganic growth plan.

The company is looking at acquisition of firms in both the US and India. It plans to close at least one deal by the end of this financial year.

EXL has set the revenue for target firms in India in the range of $50-100 million, while it is eyeing multiple acquisitions of small firms offering business process outsourcing services in the US.

“Acquisitions are a core part of our growth strategy and these targets, here and abroad, will happen if we get the right kind of opportunity,” said Rohit Kapoor, president and CEO, EXL Services.

EXL Services currently has funds of around $100 million (around Rs 400 crore) and also plans to use its equity if required. The company plans to acquire only when valuations are appropriate.

The company’s ticket size for acquisition has also gone up considerably. It had shown interest in acquiring firms in the range of $25-50 million. This also shows the trend in the industry, where acquisition size has been going up owing to the fall in valuations of IT firms.

Apart from the acquisition of Inductis in 2006, EXL has not acquired any other firm. However, this acquisition gave the company a considerable headway in the analytics and research services segment. Over 30 per cent of EXL’s revenues come from research and analytics and risk advisory services and the company is keen to add capabilities in the same through acquisitions.

Source: www.newindpress.com

CHENNAI: IT Enabled and Business Process Outsourcing company Sutherland Global Services on Wednesday said that it has plans to set up its first global campus in the IT corridor of Chennai for an undisclosed amount.

The new campus in Chennai will occupy over 10,000 people and the construction work will commence from the second half of this year, a company statement here said.

“India will continue to be an integral part of Sutherland’s global expansion. Chennai has been the offshore hub for Sutherland and our first point of entry into India and will now be the location for our first global campus” Sutherland Global Services chairman and CEO Dilip Vellodi said.

Expanding its offshore operations, the company also launched a new BPO facility in Camarines sur, Philippines with 400 employees recently.

The new facility is the fourth facility in Philippines after its foray into the country in July 2005.

“Philippines is a strategic component of Sutherland’s global service delivery model. Its favourable economic environment, technically skilled workforce and business friendly government policies have all been driving forces in our ability to rapidly scale our operations”, Dilip Vellodi said.

Sutherland also has BPO facilities in Manila, Clark and Davao city, Philippines, the statement said.