Tata snags Chile outsource firm

By Dinesh C. Sharma
Staff Writer, CNET News

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Related Stories: TCS buys banking software maker for $26 million
October 20, 2005; IBM, others share mega banking deal
September 1, 2005

Tata Consultancy Services announced Tuesday that it has acquired Comicrom, a privately held financial-services outsourcing firm in Chile, for $23 million. Comicrom has about 1,250 employees and has 57 percent market share of the check-processing business in Chile, India-based Tata said. The acquisition is designed to help the company boost its outsourcing business in Latin America, Tata said.

Tata is also setting up a global delivery center in Sao Paulo, Brazil, to execute the deal it recently signed with ABN Amro.

See more CNET content tagged:
Chile, Tata Consultancy Services Ltd., outsourcing, outsource

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Globalization....
by b2bhandshake November 8, 2005 10:12 AM PST: Indian firm, buying a Chilean one to execute a project for an European enterprise. I wonder if we can get more global than this?
- Mohan
Author: http://www.offshoringmanagement.com; Reply to this comment

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