Infosys BPO completes acquisition of McCamish

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Infosys BPO acquires McCamish
Bangalore, Dec 16: Completing the acquisition of US-based McCamish Systems LLC, Infosys BPO introduced itself as a key player in the business platform services for the insurance and financial services sector.

The deal will enhance company's capability to deliver end-to-end business solutions, Infosys said in a statement announcing the completion of acquisition on Tuesday, Dec 15.

"With this acquisition, Infosys BPO strengthens its presence as a global outsourcing services provider. We look forward to an exceptional relationship with McCamish Systems LLC and are delighted to be working with a dynamic and outstanding group of individuals", said Ritesh Idnani, Head of world-wide sales, marketing and business, Banking, Capital Markets, Insurance, Healthcare and Emerging Markets and Americas Operations, Infosys BPO.

Infosys did not divulge on any other details on the acquisition.

The company made the announcement on the entering a deal with the US-based insurance and retirement business process solutions provider on Nov 12.

The BPO arm of India' leading software service provider had informed that the acquisition will be made with an upfront payment of 38 million dollars, along with an additional 20 million dollars based on targets.

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