HCL Technologies to acquire U.S. based Mortgage BPO provider Urban Fulfillment Services

Acquisition likely to be completed in June 2017

HCL Technologies announced plans to acquire 100% stake in U.S. based, Urban Fulfillment Services engaged in business process outsourcing. This acquisition would immediately bolster HCL's presence into the mortgage BPO market. The acquisition is likely to be completed in June 2017. The total cash consideration for this transaction is up to $30 million, including contingent payments subject to certain financial milestones.

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