Integreon acquires Grail Research

Integreon, the back office outsourcing firm promoted by Philippines-based Ayala, acquired Grail Research, the captive research unit of the Monitor group for an undisclosed sum. “The acquisition gives us a delivery base in China and South Africa with further scope to expand there,” said Lokendra Tomar, COO, Asia Pacific, Integreon. The acquisition of Grail Research is its sixth so far. Its earlier acquisitions included three LPO firms and two KPO firms.

Mr Tomar said the $100-million company intends to raise money through a fresh issue of equity. A global private equity player will be used to fund more acquisitions in the KPO and LPO business, or to retire the debt it has taken to fund the Grail acquisition.