Intelenet Global Services, the BPO service provider, acquired two companies; Upstream and Travelport ISO, from the private equity firm Blackstone for USD 75 million, reports Economic Times.
Upstream gets a large part of its business from the travel industry. Travelport is the India-based captive unit of the global travel services firm Travelport.
The acquisition will give Intelenet a wider presence and multi-lingual capability. It will add Rs 3 billion to the company`s topline and boost its employee strength by 2,400.
Intelenet will be looking at more such inorganic and organic growth opportunities through Blackstone including some back office processes for Blackstone-controlled Hilton Hotels group.
Source: My Iris