Infosys BPO To Acquire McCamish
The upfront consideration for the deal is $38m with up to an additional $20m payable to the sellers if McCamish Systems achieves certain financial targets in the future.
According to Infosys, the acquisition is expected to enhance the company’s capability to deliver end-to-end business solutions for the insurance and financial services industries. The combination is expected to enable McCamish to service larger portfolios of transactions for clients and expand into global markets. This will establish the company as a key player in providing business platform services.
Amitabh Chaudhry, CEO and managing director of Infosys BPO, said: “We look forward to this combination with McCamish, and welcome an exceptional group of professionals with strong skill sets to the Infosys family who will enrich our service capabilities in the USA.
“The deal will enable us to bring together a convergence of operations and technology. Infosys BPO has in-depth knowledge of the insurance and financial services sector, and this deal reinforces our leadership position in providing business platform services. Also, this will contribute positively to our strategy of growing non-linear revenue.”
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