Valuemart Info buys 74% stake in Datatalk

Valuemart Info Technologies, an information technology and business process outsouring company, has acquired a 74 per cent stake in Bangalore-based IT-BPO company, Datatalk Services (India) Pvt Ltd, for an undisclosed amount.

The acquisition will partly be funded by money raised earlier this year by Valuemart through a preferential issue.

Datatalk will become a subsidiary of Valuemart. The acquisition will help the company acquire premium clients and broadbase its services in the BPO segment.

Valuemart offers ERP and business process management solutions, with focus on banking, financial services, insurance, legal and manufacturing verticals.

C K Vasudevan, managing director, Valuemart, said, "The acquisition will help us to acquire premium clients and broad base our service offerings in the BPO segment." Datatalk, offers direct marketing, customer acquisition and retention and telemarketing services in the domestic market.