Infosys BPO acquires US-based Marsh

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Infosys BPO acquires US-based Marsh
Infosys: Quotes, News
BSE 1038.10BSE Quote1.15 (0.11%)
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Infosys on Monday said that it has acquired US-based Marsh BPO, which is outsourcing arm of the US-based Marsh & McLennan Companies.

Marsh BPO, based in Des Moines, Iowa has 87 employees and serves seven insurers and covers more than 600,000 insured lives.

Swaminathan D., CEO and MD, Infosys BPO said, "With this addition to the footprint of Infosys BPO operations, our capabilities and domain expertise in Group Life Administration have been significantly enhanced, potentially yielding magnified gains for clients.

"The deal will add about $10-12 million in revenues annually. It further enhances Infosys BPO's positioning as a premier provider of end-to-end, enterprise-wide solutions for the insurance and financial services sector," he said.

"The addition of this capability complements Infosys BPO's strong existing functional domain knowledge and Global Delivery Model capabilities. We have proven solutions and capabilities, further advancing our comprehensive, platform based solutions for insurance carriers, and expanding our service offerings to Group Insurance providers as well. We look forward to servicing these clients and growing this important line of business", said Gordon Beckham, President and CEO, McCamish Systems.

The company also plans to recruit 20-25 employees in Des Moines, in the next two-three months, he added.

On Monday, Infosys also announced that it will acquire Lodestone Holding AG, a leading global management consultancy firm for an aggregate enterprise value of $350 million.

Lodestone will add more than 200 clients across industries including Manufacturing, Automotive and Life Sciences, to the Infosys pool of over 700 clients.

The shares of the company was seen trading lower by 0.26% at Rs 2504 on BSE at 10.10 am IST. It touched intra-day low o Rs 2480.

Read more about: infosys
Story first published: Tuesday, September 11, 2012, 10:15 [IST]
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