Infosys BPO to buy Australia's Portland Group for A$ 37m

Moneycontrol Bureau

Infosys BPO, the business process outsourcing subsidiary of software services provider Infosys, is acquiring Sydney, Australia-based Portland Group for AUD 37 million. Portland provides strategic sourcing and category management services. Portland Group employees 113 professionals and reported revenue of about AUD 31.3 million for the fiscal year ended June 30, Infosys said on Tuesday. "Portland Group's expertise in strategic sourcing and category management services is expected to complement Infosys BPO's global sourcing and procurement capabilities to create a market offering that will positively impact client's business efficiency and effectiveness," it said. Portland Group has several large clients listed on Australia