Aegis acquires Sri Lankan BPO firm

MUMBAI: The Essar group-promoted BPO firm, Aegis, has acquired 80% stake in Ismart ��� Timex, a leading BPO services provider in Sri Lanka, for an undisclosed sum. The acquisition has been done through Essar Services Holdings, the holding company of Aegis. This is Aegis' 14th acquisition.

���Ismart Timex is one of the largest BPO service providers in Sri Lanka and we expect it to grow exponentially to more than double in voice, back office, especially F&A (finance & accounting) in the next one year.

This acquisition adds a new geography in the Aegis spectrum of outsourcing solutions and expands its global footprint to cover Sri Lanka,��� said Aparup Sengupta, MD and CEO, Aegis Limited.