Hinduja Global Solutions (HGS) has entered into a definitive agreement to acquire a 100% stake in TekLink International, Inc., for a consideration of $58.8 million, subject to earnouts and other customary and agreed adjustments. The transaction with the analytics service provider is expected to close in the next two months.
The company has also signed a non-binding Letter of Intent (LoI) to acquire uKnowva, a digital Human Resources Management System (HRMS) product business, from Convergence IT Services, subject to necessary diligence and approvals. uKnowva is a Cloud-based SaaS platform that is easy to use, cost effective and leverages intelligent software to deliver human capital management, automation, and collaboration for midsize and growing companies.
The acquisition will strengthen HGS’ digital solutions business by adding enhanced expertise in building data platforms, analytics, and financial planning. It will also add complementary digital workforce bench strength, with 275 seasoned technology and implementation professionals joining HGS as part of the transaction. HGS’ digital business currently employs over 750 core technology and digital marketing experts, primarily across the US and India, who are transforming customer experiences (CX) for leading brands.
HGS is a global leader in business process management (BPM) and optimizing the customer experience lifecycle, HGS is helping make its clients more competitive every day.
Company Name | CMP |
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Quess Corp | 626.80 |
eClerx Services | 2404.50 |
Info Edge | 5693.00 |
CMS Info Systems | 379.35 |
Affle (India) | 1065.65 |
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