India-based IT services provider HCL Technologies has agreed to acquire US-based, voice, data, and wireless telecoms expense-management services provider Control Point Solutions for $20.8m.
HCL said the acquisition will strengthen its multi-service delivery platforms and will also complement its remote infrastructure services offerings. HCL will acquire four delivery centers in the US with 200 workers.
Ranjit Narasimhan, president and chief executive of BPO Services at HCL Technologies, said: The acquisition of Control Point Solutions is in line with HCL BPO's goal to make strategic, platform-based acquisitions which give us sustainable competitive advantage in chosen verticals. The acquisition enhances HCL's ability to become an end-to-end provider of business process outsourcing services in the attractive TEM space.
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