Sunday, May 18, 2008

Aptara Being Courted by Large Indian BPO & IT Players

Here is an interesting article about Aptara, whom recently sold off its litigation support division to Ivize. Aptara, who changed its name from Tech Books in 2007, had gotten into the litigation support services business by purchasing Whitmont Legal Technologies.

MUMBAI: A couple of large buyout funds, foreign strategic players and Indian IT & BPO players, including Infosys Technologies, are learnt to be in the race for Aptara, a third-party BPO in technology publishing. Promoted by US-based Indian, Rakesh Gupta, the firm is one of the oldest and established players in the industry, having started in 1988.

No official confirmation was available, but sources said six players have been shortlisted and the sale could be concluded in a couple of weeks. Avendus Advisors is advising the firm on the sale process. The final deal could be around $150 million, a source said.

Till recently, known as Techbooks, the company changed its name to Aptara in 2007 to reflect its intent to diversify into services outside its core publishing and content business.

...last year, the firm also diversified into legal services by acquiring Whitmont Legal Technologies, a litigation support firm. According to information in public domain, the company has grown from about Rs 247 crore in revenues in 2005-06 to Rs 336 crore in 2006-07.

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