Mergers and Acquistions News
Categories: BPO
October 13th 2008, 14:29PM
Despite the business process outsourcing (BPO) sector being hit particularly badly by ongoing financial problems, mergers and acquisitions within the industry could be set to continue.
At least this is what has been suggested by Ed Thomas, a London-based BPO analyst, who sat down to talk to Mark Kobyashi-Hillary of Computing.co.uk last week.
Referring to Tata Consultancy Services' recent takeover of Citigroup Global Services and the bidding war between HCL and Infosys for Axon, Mr Thomas remarked: "Contract signing might be falling off, but acquisition activity is not.
"Companies clearly still have cash available and are investing it with an eye on the future."
Mr Thomas' colleague Pat O'Brien stated that a lot of BPO companies, particularly those linked tightly to the financial sector, have been hit hard in the stock markets, as suggestions that outsourcing will perform better during a financial downturn fail to attract investors.
Lehman Brothers, the collapsed investment bank that has been at the centre of the financial turmoil, had its Indian BPO division purchased by Nomura earlier this month.
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