HCL signs agreement to buy US' Control Point

NEW DELHI: IT services major HCL Technologies on Monday announced that it has signed an agreement to acquire US-based Control Point Solutions. The US company has an enterprise value of $20.8 million. Control Point Solutions is a privately-held voice, data & wireless telecom expense management (TEM) service provider. Under the deal, HCL will acquire four delivery centres in US with over 200 professionals.

Control Point Solutions provides end-to-end business processes for ordering and procuring telecom services, paying for such services at appropriate rates and data analytics to manage and control telecom costs. It owns platforms that cater to both enterprises and telecom operators.

���The strategic acquisition of Control Point Solutions is in line with HCL BPO���s goal to make strategic, platform-based acquisitions which give us sustainable competitive advantage in chosen verticals. This acquisition enhances HCL���s ability to become an end-to-end provider of business process outsourcing services in the attractive TEM space,��� said HCL Technologies��� BPO services president and CEO Ranjit Narasimhan.