Source:economictimes.indiatimes.com

LONDON: A leading business services firm in Scotland has announced that it is relocating more than 300 of its jobs to India.

Capita said that it had already circulated a formal notice among its staff, intimating that their jobs were at risk of redundancy.

The company, however, expressed confidence that many of the workers would be redeployed, and that their staff could apply for new jobs in the company.

However, that would mean a transfer to Glosgow from England.

It said that its site in Wythall, Birmingham, was being closed, and, as a result, about 375 positions were expected to be moved to Glasgow, where a call centre and centre of excellence would be set up.

Consequently, said a spokeswoman for Capita, the current 302 administrative positions in Glasgow would have to be relocated to Mumbai in India.

“In January, Capita advised all 375 roles in the Wythall site would be relocated either to Glasgow, Mumbai, or another Capita site. Further consideration has been given to the roles currently operating from the Glasgow site to create accommodation to accept the transferring work from Wythall,” the Scotsman quoted her as saying.

Source: www.business-standard.com

UK-based GlobalLogic, a leading offshore software development company, plans to acquire two to three companies in the outsourcing product development (OPD) space in emerging markets like India and China as well as established markets. The company is particularly exploring an acquisition in south India.

The acquisitions are expected to enhance its technical capabilities in telecom, mobile, business and consumer internet, and embedded technology domains. The company received around Rs 120 crore in February as venture capital from Seqouia, NEA and New Atlantic Ventures. It plans to use this funding to fuel its inorganic growth plans.

Rohit Sharma, director (marketing), GlobalLogic told Business Standard: “We will look at inorganic growth in terms of acquisitions in both India and overseas to help us in offshoring, nearshoring and outsourcing.”

Globallogic has already expanded its reach in China and North Asia by acquiring Dalian 3CIS, a software product development company with roots in China. The company had global revenues of $100-150 million last financial year.

This year, GlobalLogic plans to enter Latin America, where it is eyeing an acquisition. “With the Dalian acquision, we will add 75 Chinese engineers. The acquisition will expand sales. Many of our clients are looking to us for guidance in entering China and the North Asia markets, which can be hard for outsiders to navigate,” said Kirk Tang, GlobalLogic’s vice-president and general manager of China operations. The addition of Dalian strengthens our ties in both the domestic Japanese and Chinese markets, while expanding our engineering skill sets,” Sharma added.