 "People walk in front of the HCL Technologies Ltd office at Noida, on the outskirts of New Delhi")
HCL Technologies on Monday said it would acquire US-based mortgage business service provider Urban Fulfillment Services, LLC for more than Rs 199 crore ($30 million), in a deal that would help it to expand its local workforce in the US.
Through the acquisition of UFS, a 15-year-old mortgage business process and fulfilment services provider spread across three centres in the US, HCL aims to scale up its digital technology based services to clients. India's fourth largest IT service providers will also see 350 highly-skilled professionals of UFS joining its team in the US.
The deal is likely to be completed by June
