Essar acquires global Vantedge
Mumbai, Feb 20 (UNI) Essar Global announced today that it has acquired Global Vantedge, a BPO company Owned by Chrys Capital - the leader in Collections and Accounts Receivable Management Services.
This is part of Essar's plan to have a larger footprint in the BPO segment. Essar has a presence in the BPO segment through its wholly owned subsidiary - Aegis BPO, the release said.
Global Vantege has over 1400 employees with facilities in Gurgaoan in India and San Jose, Costa Rica. It operates in the Banking, Telecom and Automobile verticals and has in its portfolio some of the most renowned companies in this sector. The Company has a presence in the US, UK and Australia. This acquisition is expected to contribute over USD 25 million in revenues to the BPO business of Essar and is its fourth acquisition in the last one year, the other three being Customer First and Orion in India and Technion in the USA.
Aparup
Sengupta,
CEO
of
the
BPO
business
of
Essar
Global
in
India
said
''
With
this
acquisition,
we
now
have
formidable
strengths
in
this
niche
segment
and
will
be
able
to
offer
the
full
suite
of
service
offerings
around
Customer
Life
Cycle
Management.
Global
Vantedge
has
built
a
great
practice
over
the
last
five
years
with
extremely
demanding
clients,
some
of
them
being
Aegis
current
customers.
This
puts
us
in
a
strong
position
and
will
lead
to
deeper
engagement
with
our
existing
and
future
Clients.''
UNI