November 8, 2005 7:36 AM PST
Tata snags Chile outsource firm
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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.
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- Mohan
Author: http://www.offshoringmanagement.com