Quatrro nears $100 m buyout

[Metropolitanjury]

Gurgaon-based Quatrro BPO Solutions Pvt Ltd is keeping its global expansion plans afloat, even as it focuses on the domestic BPO opportunity.
The company is now close to acquiring a firm for $100 million that is in ‘a totally different domain’, said a top executive of the company, on request of anonymity.

“Most documents for the deal have been signed leaving a few legal documents that await some of the legal advisors’ nod,” said the official. The deal will be closed in the next ten days.

Meanwhile, it is learnt that the acquisition may happen in Europe, where Quatrro had been looking at expanding. In a February interview to DNA Money, Raman Roy, chairman and MD, Quatrro had expressed his intention of expanding to Europe and Asia, in addition to North America.
Roy had then disclosed the company’s focus on the $20 billion domestic BPO opportunity for which a go-to-market strategy is being worked out.

“A lot of investors are showing deep interest in the said strategy,” Roy had said then. The probable sectors that Quatrro will be focusing for domestic BPO in India are BFSI, education, government and legal processes.
The company official said in the current economic scenario in the US the demand for foreclosure is coming up as a great opportunity. Quatrro has 2,000 employees on its payrolls and more people are being recruited to support the domestic BPO foray.

The company provides BPO services in finance and accounting, mortgage and technical support, legal processes, risk management, and logistics. It operates through facilities in India, Sri Lanka, Singapore, China, and the US.

By Ms.Bobby Aanand, Metropolitan Jury.

[annjd]

Interesting but why is this posted here?