Aditya Birla Minacs acquires UK-based BPO company
Aditya Birla Minacs buys UK's Compass BPO, a leading pure-play end-to-end Finance and Accounting services provider. Latest at Infy, Wipro and TCS | India's Top 10 BPOs
By PTI |
BANGALORE: Aditya Birla Minacs, a global business solutions company, today announced the acquisition of UK-based Compass BPO Ltd, a leading pure-play end-to-end Finance and Accounting (F&A) services provider.
Through this acquisition, Minacs would take over all the operations of Compass across the UK, the US, the Middle East and in India, bringing Minacs' F&A employee strength to 600, it said in a statement.
Finacial terms of the deal were not disclosed. The founders of Compass - David McCullough and Mark Atkins - would join Minacs' management.
Commenting on the deal, Deepak Patel, CEO - Aditya Birla Minacs, said: "With Compass forming the core of Aditya Birla Minacs F&A, we are now strongly positioned to be an integral part of our clients' core processes. Compass is already a highly respected force in the F&A space with the full spectrum of capabilities".
Patel said with 10 years of operations, Compass has excellent client credentials, a highly qualified team, and strong domain expertise. "This move is part of our strategic roadmap, and brings to Minacs significant credibility in the fast growing F&A business".
Compass BPO has appeared in the top 15 upcoming F&A BPO players in a recent Gartner report. It was also cited in the Top Offshore BPO providers by FAO Today magazine, and in the'Global Services 100 - 2008 list' by NeoIT and Global Services, the statement said.
Through this acquisition, Minacs would take over all the operations of Compass across the UK, the US, the Middle East and in India, bringing Minacs' F&A employee strength to 600, it said in a statement.
Finacial terms of the deal were not disclosed. The founders of Compass - David McCullough and Mark Atkins - would join Minacs' management.
Commenting on the deal, Deepak Patel, CEO - Aditya Birla Minacs, said: "With Compass forming the core of Aditya Birla Minacs F&A, we are now strongly positioned to be an integral part of our clients' core processes. Compass is already a highly respected force in the F&A space with the full spectrum of capabilities".
Patel said with 10 years of operations, Compass has excellent client credentials, a highly qualified team, and strong domain expertise. "This move is part of our strategic roadmap, and brings to Minacs significant credibility in the fast growing F&A business".
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Compass BPO has appeared in the top 15 upcoming F&A BPO players in a recent Gartner report. It was also cited in the Top Offshore BPO providers by FAO Today magazine, and in the'Global Services 100 - 2008 list' by NeoIT and Global Services, the statement said.
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