IKYA Human Capital Solutions (IKYA), subsidiary of Thomas Cook (India), has signed a definitive agreement to acquire Brainhunter (Zylog Systems), subject to statutory and regulatory approvals. The company headquartered in Toronto (Canada), is a leading IT and Engineering professional firm, employing about 700 professionals and with revenues of about $80 million.
This acquisition will help IKYA position itself as a global IT staffing and Technology solutions group, with a strong footprint in the North American market. Brainhunter services several marquee clients, many of whom are in the Fortune 500 list and in addition counts on a number of Canadian government institutions as its major clients. The combination of these two companies will create an IT staffing entity with a global presence across North America, Middle East, India & South East Asia employing -11,000 IT professionals.
Thomas Cook is the largest integrated travel and travel related financial services company in the country offering a broad spectrum of services that include Foreign Exchange, Corporate Travel, MICE, Leisure Travel, Insurance, Visa & Passport services and E-Business.
