Kochi: Sutherland Global Services, a leading provider of Business Process Outsourcing (BPO) and Technology Enabled services, today announced the 100% acquisition of Adventity Global Services in an all-cash deal.
Adventity, with over 2,500 employees and operations in New York & Houston in the United States, Mumbai & Chennai in India and Dubai in the UAE, is a premier provider of business & financial research and analytical services. They focus on providing platform-based BPO services to Banks and Financial Services companies and the Airline & Travel Industry.
Dilip Vellodi, Chairman & CEO, Sutherland Global Services said, “Sutherland combines back-office and customer facing front-office services to drive productivity and deliver measurable results for its clients. The offerings and approach at Adventity completely aligns with our strategic direction of expanding our presence in key verticals through platform based integrated solutions. The acquisition of Adventity will extend Sutherland’s service capabilities and broaden the company’s marquee client base.”
Adventity’s global clients will now be able to leverage Sutherland’s secure and scalable worldwide infrastructure and would have full access to Sutherland’s suite of services. Sutherland in turn will utilize Adventity’s capabilities and domain expertise to secure a leadership position in complementary verticals in the vital emerging markets of Asia, Africa and the Middle East.
Kumar Subramanian, CEO, Adventity said, “Our global search for the right partner ended with Sutherland, in whom we found a company who would take the leadership position in the BPO space. In Sutherland we found a true multi-national with a balanced and global delivery approach. Headquartered in the US, which is 65% of the global BPO market, Sutherland’s close-to-customer engagement model and an exceptional multi-national leadership team appealed to us. We are indeed excited about joining the Sutherland team and taking our growth plans to the next level.”
Headquartered in Rochester, NY, Sutherland is one of the largest, independent global BPO companies founded in 1986. The company employs over 26,000 professionals and has 25 global delivery centres in the United States, Canada, Mexico, Nicaragua, the Philippines, Bulgaria, the United Kingdom and India. Sutherland has a centre in Kochi, Kerala.
Kerala IT News