Third party BPO service provider, ICICI OneSource has acquired Chicago based research and consulting firm, Pipal Research Corporation.
As a privately held company, the fund amount raised and dilution of equity was not divulged, however inorganic expansion, new geographies, accumulating new skills and expertise for offering new services were some of the areas the funds are to be utilized.
The acquisition of Pipal Research paves way for ICICI OneSource for research and consulting in the US market. Software giant, Infosys Technologies is the other Indian company, which has debuted in the US shores eyeing the consulting market.
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