IKYA Human Capital Solutions (IKYA), subsidiary of Thomas Cook (India), has entered into a definitive agreement with Fairfax Financial Holdings (Fairfax) to acquire a 49% stake in MFXchange Holdings, Inc (MFX). The integration of MFX with IKYA will result in the formation of the Global Technology Services Group (GTS Group) marking IKYA’s entry into IT Services and Solutions space in the North American market.
Based out of Morristown, NJ (US), MFX is a leading provider of hosted information technology applications and outsourcing solutions for the US commercial property and casualty insurance industry.
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.
