Monday, October 01, 2007

Small scale M&A in lower-end LPO

Update: Tricom India, a provider of EDD and litigation support services announced acquisition of US based ‘Apex Document Solutions’ a full service provider of litigation support services for legal practitioners.


Here's the piece. Some snippets below:

Mysore-based Software Paradigms (India) Ltd (SPI) on Monday announced the acquisition of Comat Technologies, a medical transcription (MT) firm. SPI is the city’s largest IT and business applications solution provider.

As part of the deal, SPI will take over all the US and UK BPO/LPO (legal process outsourcing) customers of Comat Technologies being serviced from Mysore.

Over 400 of its employees working on MT, legal transcription and legal coding services will be transferred to SPI’s payroll, taking the number of SPI employees to over 1,000 and double the size of its operations.