| Omega, Cognizant, MarketRx, Wipro, Hexaware, Accentia, TCS, Infosys, Finacle |
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| Wednesday, 24 October 2007 | |
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Omega Healthcare to invest $14 million in Bangalore and Chennai facilities Omega Healthcare would be investing more than $14 million in the next two years to implement its growth plans at its Bangalore and Chennai facilities. The number of people working in the company will increase two-fold to 3,000, over the next two years. Cognizant has acquired marketRx for $135 mn Cognizant has acquired marketRx, a niche provider of analytics for $135 million. With this acquisition, Cognizant will increase its capacity in the analytics sector and will be able to offer more services to the life sciences industry. Wipro to establish recruitment hubs for BPO business Wipro plans to set up 25-30 recruitment centers by 2009 to cut costs of recruitment and get more talent. The company plans to recruit 5,000 people in India over the next two years. The first centre will be in Pune where the candidates will learn about career in BPO, then take an interview and get a job offer. Hexaware considers buy-back of its equity shares Hexaware Technologies is considering buy-back of the company's equity shares. The firm's YoY net profit slumped 22.4% while revenues increased 13.2%. The firm is cutting its client list to take the focus away from marginal billing clients. TCS signs business services contract with Nielsen TCS signed a 10-year IT and business services contract with Nielsen worth $1.2 billion. This deal will save Tata's margins from exchange rate swings and inflation. Accentia Tech on an acquisition spree Mumbai based Accentia Technologies has acquired three US-based healthcare BPO companies: GSR Systems, GSR Physician Billing and DenMed, for about $20 million in cash-cum-stock deals. With these acquisitions, Accentia is targeting an additional $10 million to its revenues. RT Outsourcing received $7.8 million investment Motilal Oswal Venture Capital Advisors and its partners have invested $7.8 million in RT Outsourcing Services, an outsourcing provider offering primarily tech support services. RT Outsourcing has over 140 centers across India. Finacle to work under Infosys banner Finacle will now operate under the Infosys banner. It will leverage its parent company's consulting and BPO services. Finacle is likely to provide portfolio analysis, which can transform legacy applications with universal banking solutions. With the firm's help, banks could replace applications not core to their business. Related Items:
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ValueNotes’ research indicates that the domestic BPO industry stands at an inflection point, with the growing scale of Indian buyers as well as the emergence of significant vendors with greater capabilities