Valuemart Info Technologies acquired a 74% stake in Datatalk Services (India) (Datatalk) a Bangalore based IT and BPO company.
The shareholders agreement with Datatalk was signed on Nov. 28, 2007. After acquisition, Datatalk will be a subsidiary of Valuemart. The acquisition will help the company to acquire premium clients and broad base our service offerings in the BPO segment.
Datatalk, a Bangalore based BPO, offers direct marketing, customer acquisition and retention and telemarketing services in the domestic market to prestigious clients like Airtel, Club Mahindra, Deutsche Bank, Nestle, Pepsi, Tektronics and Zee Television among others.
Datatalk currently operates a 100-seat facility, in Bangalore and will set up an additional 200-seats capacity for its clients in Bangalore and Hyderabad in the next six months.
In July 2007, company successfully completed a preferential issue and raised Rs 60 million from strategic investors. These funds will be partly utilized for the acquisition.
Valuemart is an IT and BPO solutions company with offerings in ERP and new generation patent pending technologies such as BPM. Its key competencies are in the banking, financial services, insurance, legal and manufacturing verticals.
Source: My Iris