Infosys BPO, the business processing outsourcing subsidiary of software major Infosys Technologies, is looking at fresh acquisitions in the range of $80-200 million and hiring more people.
Speaking on the occasion, Amitabh Chaudhry, CEO, Infosys BPO said,"We plann to hire 2000 people in the next four-five months or by the end of this fiscal. Currently we are 16,000 people in India."
Recently, the 300-million Infosys subsidiary signed an agreement with the Andhra Pradesh government to set up rural BPO centres in 22 districts of the state. Infosys BPO gets significant part of its business from North America and Europe. To bag more clients, it is said to be looking at aligning with Finacle, the banking solution business of its parent.
The unit is also planning to set up a new delivery centre in the U.S. before the end of this financial year. The back-office services wing of Infosys has eight delivery centres across the globe, including in Mexico, but it did not have a centre in the U.S. so far.
Infosys BPO registered revenues of $71.3 million with a net profit of $16.3 million for the September quarter. Besides, Infosys is also said it is eyeing acquisitions worth USD 50-200 million in areas where the company has a small presence. "The acquisitions will be funded through cash in areas we have a small presence," said Chaudhry.
Some of the areas where acquisitions can be done are, manufacturing, insurance, media and entertainment space mainly in the U.S. and the Europe.
Report By IANS
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