Non-voice BPO firm Tricom India will pay $2.25 million for acquiring 100 per cent stake in the US-based Pacific Data Centers Inc (PDC).
The new acquisition will enhance Tricom`s capabilities to address the needs of clients whose data cannot be sent offshore and also expand its service portfolio in other business domains, according to Mr Chetan Kothari, Managing Director of Tricom India Ltd.
Established in 1976, PDC provides services such as data entry, data conversion, imaging, OCR, medical billing, claims processing, printing, mailing, and lock box services. Its customers include Government agencies, hospitals, insurance companies, direct mailers, banks, utilities and management organisations. For the fourth quarter ended March 31, 2008 Tricom’s net profit rose by 29 per cent to Rs 4.16 crore as against Rs 3.23 crore during the corresponding previous quarter. For the year ended March, the net profit increased by 7 per cent to Rs 15.83 crore.
Source: Sify