Companies news
Intelenet Acquisition To Give Teleperformance Greater India Presence
Teleperformance's acquisition of business process outsourcing company Intelenet is going to give the former a greater India presence, and the combined new entity has the potential to generate USD 500 million in revenue annually, according to Intelenet CEO Bhupender Singh.
“Teleperformance was looking to expand to India…2,500 people support the India domestic business at Teleperformance. As of now intention is to keep it (the India business) within the fold,” Singh told reporters on Monday.
The Euronext-listed, France-headquartered business process outsourcing firm Teleperformance is known for its telemarketing and tele-services. The group specializes in outsourcing customer relation management contact centres.
For the fiscal year ended March 31, 2018, Intelenet posted revenue of USD 449 million, up 10 percent year on year. For fiscal year 2019, the company forecasts significant additional revenue growth of at least over 10 percent and increased profitability.
Teleperformance said on Thursday that it expects the deal to close by September 30 this year. Upon closing, the deal is expected to be immediately accretive for Teleperformance shareholders, with a positive impact of around over 10 percent on the Group’s earnings per share in 2018 on a pro forma basis.
