HCL Tech inks agreement to acquire UK's Liberata Financial Service

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New Delhi, Jul 16 (UNI) Software services firm HCL Technologies Ltd today said it has signed an agreement to acquire UK based Liberata Financial Services (LFS), a wholly-owned subsidiary of Liberata Ltd , for an undisclosed amount.

''This strategic acquisition of LFS enhances HCL's ability to become an end-to-end provider of business process outsourcing services to the financial services industry,'' HCL BPO President and CEO , Ranjit Narasimhan said in a statement.

The UK firm provides back-office administrative and customer services for the life insurance and pension industry.

HCL will acquire LFS four delivery centres in the UK with 800 professionals, it added.

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