Information technology and hardware firm Spanco Telesystems and Solutions today signed an agreement with the Spice Group to merge their domestic business process outsourcing (BPO) businesses.
The Spanco-Spice JV deal will result in the merger of three domestic BPOs – Omnia BPO Services (a Spice Televentures subsidiary) and Bharat BPO (an existing JV of Omnia and Spanco Telesystems) and Spanco BPO Services.
The JV will investment over Rs 500 crore in growing its presence across India over the next two years. From having 7,000 seats in 18 centres spread across 10 cities, it plans to take it to 15,000 seats by March 2010 with a focus on Tier-II & III cities.