You are here

IBM to take over Daksh

Submitted by Karthik on 7 April, 2004 - 22:58

The Economic Times is one of many sites carrying a report on IBM's takeover of Indian BPO provider Daksh.

The exact size of the deal is not available, but estimates ranged from Rs 560 crore ($130 million) to Rs 750 crore ($170 million). This is the largest deal so far in the Indian BPO industry, exceeding the $99-million pact (Rs 465 crore) through which software services company Wipro acquired Spectramind, the country's largest BPO firm.

Not a bad return for a 4 year investment :S