Quatrro may acquire half-a-dozen companies: BPO Watch India

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Quatrro may acquire half-a-dozen companies

By BPO Watch News Desk
December 05, 2008

Quatrro may acquire half-a-dozen companies

BPO major Quatrro is close to concluding as many as six acquisition deals including one that is valued at over 300 million US dollars, published media reports said quoting the company’s managing director Raman Roy.

A report in the Economic Times quoted Roy as saying that the current business scene was exciting as there were quite a few companies up for sale at good prices which is why Quatrro was on the lookout for acquisitions.

He indicated that a legal process outsourcing firm and some other BPO companies in the financial services, insurance and healthcare verticals were being targeted by the company for its acquisitions, with one of the deals getting signed off by next March.

The company, which boasts of revenues in excess of 70 million dollars, has reportedly lined up funding commitments worth more than 300 million US dollars for its shopping budget where Quatrro’s funding partners pick up stake in the acquired entity.

The article in Economic Times quoted Roy as saying that growth rates across the industry would be muted but Indian companies could benefit by tapping into the large opportunities presented by the slowdown. He added that Quatrro has become a leading provider for solutions in the foreclosures domain.

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