November 2007
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Aegis to buy TeleTech in $13-m deal

Essar group-run Aegis BPO said it is acquiring TeleTech Services, an equal joint venture between TeleTech Europe and Bharti Ventures, for nearly $13 million in cash. “We would be financing the acquisition through the company’s internal resources,” CEO and MD Aparup Sengupta said. This is Aegis’ seventh acquisition in past two years, Other companies acquired by Aegis include Canada’s Genesis Media, French sales promotion and direct marketing agency Implicom, which Aegis acquired in October this year. Mr Sengupta said that the acquisition has brought telecom provider Bharti-Airtel into the company’s client portfolio. Aegis already services the customer care requirements for Idea, Tata Teleservices and Vodafone. [...]

MindTree buys Purple Vision for $6.5m

Bangalore-based MindTree Consulting has acquired the Indian subsidiary of French company TES Electronic Solutions SA in an all-cash deal of $6.55 million. The unit, TES-PV Electronic Solutions (Purple Vision), provides differentiated services in IC design and employs 150 people. The transaction will become effective upon completion of closing conditions and is expected in 4-6 weeks. “With this, MindTree’s IC design team will be a formidable size of 350 professionals, making it one of the largest independent design services organizations in India. The domain expertise of Purple Vision will complement MindTree’s existing offerings, enabling us to bid for end-to-end chip design projects,” said Janakiraman S, President and CEO – R&D Services, MindTree Consulting. [...]