Genpact acquires Axis Risk Consulting

Genpact acquires Axis Risk Consulting

BS Reporter / New Delhi June 18, 2007

India's largest business process outsourcing (BPO) firm, Genpact, today announced the acquisition of Axis Risk Consulting, a risk consulting firm, for an undisclosed sum.

This is Genpact's first acquisition in India. With this acquisition, it will add 80 clients based across India, North America, Europe and Asia. The details of the agreement have not been disclosed. In March, the company acquired European SAP service provider ICE Enterprise Solutions for an undisclosed.

The Axis acquisition will enable Genpact to expand its finance and accounting solutions portfolio. Axis will operate as an independent unit of Genpact, within its governance practice. Ameet Parikh, managing director and founding partner, Axis Risk Consulting will continue to be the managing director of the company.

"The integrated risk and technology solutions we