Venture Capital
Private Equity

Mergers & Acquisitions | 7 March 2014

BackOffice Associates Plans India Acquisition

by Sejal Mourya
BackOffice Associates Plans India Acquisition
Share on Social Media Email Facebook Twitter Linkedin

Information governance and data migration solutions provider, BackOffice Associates is looking at acquiring an Indian company with competencies in enterprise performance management or data space for $5-10 Mn.

Founded in 1996, BackOffice Associates is backed by Goldman Sachs with a $30 million investment in 2008. The over $140 Mn Massachusetts based company through its additional offices in the US, Australia, Canada, Dubai, India, Singapore and the UK serves companies which include Eli Lilly, Kraft and Graybar.

In India the company serves through its two offices in Hyderabad, providing regional and worldwide services. It recently opened its sales, marketing and delivery office in Bangalore.

The company seeks to use its Bangalore center to provider ange of enterprise around Enterprise Data Management services such as BackOffice Data Stewardship Platform (DSP), SAP Data Services (SAP DS), SAP Information Steward (SAP IS) and SAP Master Data Governance (SAP MDG) areas to support its regional and global customers.

The company currently employs 700 globally of which close to 120 professionals work out of its Hyderabad and Bangalore centres.

It had acquired SAP data services consultancy Entota Limited in July 2012, and Canada-based Headwall Software Inc in December 2013 for undisclosed amounts.

Birla To Partner Health Insurance Firm For JV

Birla To Partner Health Insurance Firm For JV

The AV Birla Group is in talks with a South African health insurance company where it is likely to hold 74% stake in the proposed joint venture. The company has hired Boston Consulting Group to find a partner to foray in health insurance segment.


Navayuga Plan To Sell Stake In Its Power Assets

Navayuga Plan To Sell Stake In Its Power Assets

Hyderabad-based CVR Group unit Navayuga Power may sell stake in its power assets to Toshiba, Sumitomo, Mitsubishi & GDF Suez. The deal Value expected to be in between INR 13,800 to 14,400 Mn for equity stake 49 to 51%.

DealCurry Timeline
TL Home Search New Keet
A 314, 3rd Floor, AntopHill Warehousing Company,
Near Dosti Acres
Mumbai 400037
Copyright © EagleEye Research & Media Pvt. Ltd. 2009 All Rights Reserved - Interactive multimedia analysis platform for financial markets.
Site map |Terms of Use |Privacy Policy
DealCurry tracks financial and corporate markets for events, interprets and integrates the information in our platform, providing premium data, news and analytics. DealCurry provides comprehensive coverage of the capital markets through an intuitive, user-friendly interface.