HOV Services to take control of Tracmail & SAM Holdings

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HOV Services to take control of Tracmail & SAM Holdings

HOV Services to take control of Tracmail & SAM Holdings. Acquired companies estimated to deliver over $17 mn for FY08

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HOVS had planned to augment its current employee strength of 850 by building capacity in the US and Pune for providing facilities for additional 1500 employees. The two acquisitions provide not just the needed capacity, but also bring additional customers, some of them Fortune ® 100 companies. Further broadening the BPO service offerings and customers, HOVS is able to provide its customers a robust, secure, redundant network and multiple locations in the US as well as in India to meet their global diversified BPO needs.  

"The new acquisitions are in line with our vision of continuing our expansion into the financial services BPO space, building a secure global footprint to meet and exceed expectations of our customers . We are on track with our growth plans and with the acquisition of SAM and TRAC at the same cost as Rustic Canyon, we further derive benefits for our shareholders. We will manage the business going forward and plan to go in for the remaining 70% as and when we are ready," said Mr. Sunil Rajadhyaksha, Executive Director of HOV Services. 

Sourced From: Concept Public Relations India Pvt. Ltd