Infosys Technologies announced that its business processing outsourcing subsidiary Infosys BPO Limited signed a definitive agreement to acquire all of the outstanding interests of McCamish Systems LLC, a premier business process solutions provider,based in Atlanta, Georgia in the United States. The acquisition is expected to be completed later this year.
The upfront consideration for the deal is $38 million with up to an additional $20 million payable to the sellers if McCamish Systems achieves certain financial targets in the future.
The acquisition is likely to enhance Infosys' capability to deliver end-to-end business solutions for the insurance and financial services industries. The company has about 260 employees based in their Atlanta delivery center.
The combination is expected to enable McCamish to service larger portfolios of transactions for clients and expand into global markets. This will establish Infosys as a key player in providing business platform services, said the company.
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