Mahindra Satyam buys vCustomer's int'l operations for $27 mn

Information and technology consulting and outsourcing company Mahindra Satyam (formerly Satyam Computer Services Limited) has acquired 100 per cent of vCustomer Corporation's international operations for $27 million (approximately Rs 135 crore). vCustomer is a Washington-based business process outsourcing (BPO) company.

This is the first 100 per cent acquisition of Mahindra Satyam since it became part of the Mahindra Group in April 2009. The acquisition also marks the entry of Mahindra Satyam’s BPO operations into other verticals such as retail and consumer technology, in addition to significantly enhancing technical support credentials. “This is a landmark moment in Mahindra Satyam’s resurgence and reflects our investment appetite,” chief executive C P Gurnani said in a release.