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Mergers & Acquisitions | 9 March 2012

Mahindra Satyam Acquires International Operations Of vCustomer

by Charmi Gutka
 
@charmi

Mahindra Satyam has acquired international operations of Delhi based vCustomers International Services Private Limited for $27Mn.

According to TOI, the acquisition marks the entry of Mahindra Satyam's BPO operations into other verticals such as Retail and Consumer Technology in addition to enhancing its technical support business.

Founded in 1991 by Sanjay Kumar, vCustomer Corporation, headquartered in Kirkland, Washington, provides Customer Support and Business Process Outsourcing services with operations in the US, UK, Philippines and India.

It provides solution in Retail and Consumer Technology sectors.

Tata Power May Acquire 30% Stake In Sekoko Coal JV

Tata Power has approached Australia-based Firestone Energy with an offer to acquire a 30% stake in the company's Sekoko coal JV in South Africa with a view to developing Firestone's Smitspan export thermal coal mine.

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Ace Investor Rakesh Jhunjhunwala Backs Remedinet Technologies

Ace investor Rakesh Jhunjhunwala has invested an undisclosed amount in Remedinet Technologies, software firm which provides solutions to manage pre-authorised payments. The round also saw the participation of existing investors - Bessemer Venture Partners and Nirvana Venture Advisors Private Limited.

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