Monday, September 26, 2005

Valuemart Info acquires Tejas Infoscripts


Valuemart Info Technologies Ltd. said Monday that the company has acquired a 74 percent stake in Bangalore-based business process outsourcing (BPO) firm Tejas Infoscripts Private Ltd.
Post acquisition, Tejas will be a subsidiary of Valuemart Info Technologies, said a statement issued to the Bombay Stock Exchange.

"The acquisition will give us a head-start in the fast growing legal BPO segment," said C.K. Vasudevan, director of Valuemart Info Technologies.

Tejas Infoscripts is a BPO with a focus on the legal domain. The company's services help overseas law firms to increase their service value by freeing up valuable time for attorneys to concentrate on specialised legal services.

Typically, services outsourced include back office transactions, data management, E-filing, and research activities. The company currently employs 50 people and is poised to grow to 150 people by March 2006.

Tejas Infoscripts is also building a contemporary service platform for BPO services for banking, financial services and insurance verticals, said the statement