After losing out in the race to acquire UK-based SAP consulting firm Axon to HCL Technologies last year, Infosys, India’s second-largest IT firm, says it’s keen on acquisitions in the BPO and KPO spaces.
“We are looking at back office functions where the companies perform very unique services with their own platform or intellectual property,” said Infosys MD S Gopalakrishnan. “There are opportunities in traditional BPOs as well and we are not restricted to KPOs.” Captives in banking and financial services, manufacturing, and telecom are still considered hot property.
“Our acquisition guidelines have not changed in this environment. We will acquire the strategic fit first and then growth,” said Mr Gopalakrishnan, adding that the target company should typically have a revenue of about $300-500 million. Infosys is also looking at smaller acquisitions in the range of $100-200 million.
“There is always more risk attached to the integration of a larger entity. However, if something smaller or bigger comes along we will definitely look at it,” said Mr Gopalakrishnan.
Source
:ET
Tags: BPO, Infosys, KPO, acquisitions, on, sets, sights
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