Infosys is betting high on the BPO and KPO sector. The company’s MD S Gopalakrishnan has told media that Infosys is looking at acquisitions in the back office functions space, especially companies that have their own platform or intellectual property.

“There are opportunities in traditional BPOs as well and we are not restricted to KPOs,” a report in the Economic Times quoted Gopalakrishnan. Also captives in banking and financial services, manufacturing, and telecom are still considered hot property.

Infosys has not seen any strategic shift in its acquisition guidelines despite the slowing economy. Infy is targeting companies that typically have a revenue of about $300-500 million and also smaller acquisitions in the range of $100-200 million.

Infosys is focusing on non-English speaking countries such as France, Germany and Japan but is also open to strategic acquisitions in other locations.

The company is also looking at the remote infrastructure management services market which is said to grow by 20% to $5.5 billion by 2010 according to research firm Frost & Sullivan. However it believs that there is no company that fits their model in this space and hence is looking at organic growth only.

“We are not looking at acquisitions in that space. We are yet to find a candidate who has similar model as ours, as we don’t want to own assets and there are not too many who do not own them,” said Gopalakrishnan.