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Friday, September 14, 2012

Infosys BPO buys outsourcing arm of Marsh & McLennan

Bengaluru: Infosys BPO, the business process outsourcing (BPO) arm of Infosys Ltd, on Monday said it had acquired Marsh BPO, the business process outsourcing arm of the US-based Marsh & McLennan Companies, for an undisclosed amount.

The company said the acquisition would give it annualised revenue of $10-12 million.

Swaminathan D, chief executive officer and managing director of Infosys BPO, said the company aims to retain all the 87 employees of Marsh BPO, who are located in Des Moines, lowa in the US.

The company also plans to recruit 20-25 employees in Des Moines, in the next two-three months, he added.

Infosys BPO, which closed its financial year 2011-12 with a revenue of $494.5 million, employs 23,288 people.

Infosys BPO is an end-to-end outsourcing services provider, operating in the Americas, Asia Pacific, Australia and Europe.

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