Tuesday, June 10, 2008

Integreon plans three more buys for $100 million

BANGALORE -- 10 Jun, 2008 -- Knowledge process outsourcing (KPO) firm Integreon Managed Solutions, which recently acquired litigation support and electronic data discovery provider Datum Legal, plans to buy one more company by the end of this year and two others in the next 2-3 years spending a total of $100 million.

“The range is going to be bigger as we are growing. We will acquire another company by the end of this year,” Vice President (Knowledge Business Administration and Professional Document Services) Lokendra Tomar said. Integreon is evaluating possible buys in India, Europe and the US.

Datum, the Los Angeles-based company’s fifth acquisition, was bought for $20-$25 million, according to industry analysts and based on Integreon’s publicly stated intentions in the past.

It plans to hire 6,000 people in three years, majority of them in India. The company currently has 2,000 staff, 1,500 of them at its centres in Mumbai and Delhi. More than 500 of its employees are lawyers.

...An IPO and listing on the Nasdaq are also on the cards, mostly probably in 2010-11, when it expects revenues to touch $250 million. “In three years more than 50% of the growth will be organic and the rest through acquisitions,” he said.

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