Several companies have announced acquisitions of other firms in a bid to redefined their services and expand their business and perhaps to give rise to the next Xerox-ACS caliber acquisition within different industries including legal process outsourcing, Information Technogies outsourcing and call center outsourcing. The outsourcing industry has been defined just as much by acquisitions. The New York headquartered company, Accenture has acquired business process management services provider, Knowledge Rules. The company announced that it has acquired the Philadelphia based company to utilized knowledge Rules expertise in PegaSystems. The acquisition immediately increases their capacity to implement Pegasystems-based solutions and it will enable them to train and develop more people, more quickly. Accenture announced that it has successfully acquired Beijing based software company, Mogenesis is a provider of mobile software outsourcing services.
Hot on the wheels of the developments and accentures once again advised that they are acquiring another company, CAS Computer Anwendungs-und Systemberatung AG. A Kaiserslautern Germany based company CAS is a provider of customer relationship management and mobility software provider. Other companies have been making notable acquisitions as well, it has certainly been a busy month for accenture as it has been acquiring companies left and right.
The financial news and information provider thomsons Reuters announced that it is acquiring process outsourcing services provider. It will now bring to the legal marketplace a responsive, high quality, transformative resource for a broad ranges of legal support work. This is particularly important as law firms and general council adjust to the realities of the new normal where efficiency, quality and responsiveness are paramount. The only movement in the LPO space as days before the announcement, the acquisition news that had been making rounds in the LPO space was the acquistion of the legal process outsourcing company.
A number of acquisition from smaller companies also came through including the acquisition of Information Technoligies outsourcing and business process outsourcing provider TechTeam Global. The news came days before techteam Global reported its third quarter 2010 results wherein the company reported a net loss of $8.4 million following the company’s sale of its government subsidiary, TechTeam Government Solutions to Jacobs Engineering Group. They will likely see more acquisitions coming through before the year ends. The other companies such as Infosys and Globallogic have already announced that they are in the market for the acquisitions this year and the next as the companies continue to search for the winning combination that may ultimately land them at the top of their field.
REFERENCE:
http://www.blog.infinit-o.com/outsourcing-companies-stepup-acquisitions/
