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Infosys BPO Signs Definitive Agreement to Acquire US-Based Insurance Business Process Solutions Provider

Thursday, November 12, 2009

Infosys BPO Limited, the business processing outsourcing subsidiary of Infosys Technologies, today announced the signing of a definitive agreement to acquire all of the outstanding interests of McCamish Systems LLC, a premier business process solutions provider, based in Atlanta, Georgia in the United States. The acquisition is expected to be completed later this year subject to the satisfaction of certain closing conditions. The upfront consideration for the deal is USD 38 million with up to an additional USD 20 million payable to the sellers if McCamish Systems achieves certain financial targets in the future. The acquisition is expected to enhance Infosys’ capability to deliver end-to-end business solutions for the insurance and financial services industries.

Article sourced from www.infosys.com, click here to read full story.

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