eClerx Services Ltd.

eClerx Services is reportedly planning to acquire CLX Europe SPA, a closely-held Italian media content management company, for a total of Euro 25 million. The Indian company will acquire CLX through its UK-based subsidiary. The acquisition will be an all cash deal, which would be funded from eClerx's internal resources. The management team of CLX will continue to manage day-to-day operations.

The acquisition will help eClerx gain a strong foothold in the European media industry, diversify revenue base by adding leading luxury brands as clients. Avendus Capital was the financial advisor to eClerx Services on this transaction.

eClerx Services provides data analytics and customized process solutions to global enterprise clients from its offshore delivery centers in India. The portfolio of services comprises data analytics, operations management, data audits, metrics management and reporting services.