Bangalore: Infosys BPO Limited, Infosys's business process outsourcing subsidiary, has agreed to acquire Australia-based Portland Group Pty Ltd., a provider of strategic sourcing and category management services.
Infosys will pay AUD 37 million for Portland and the acquisition is expected to be completed by early January 2012.
Portland Group was founded in 1999 and today counts several large ASX 200 organizations in Australia as clients. It is headquartered in Sydney and has offices in Melbourne, Brisbane, and Perth. The company reported revenue of approximately AUD 31.3 million for the fiscal year ending 30 June 2011. The company employs 113 professionals.
Swaminathan D, CEO and MD, Infosys BPO said, "We are delighted to have an outstanding team of domain specialists in Portland Group join us. This acquisition would significantly deepen our capabilities and domain expertise in our Sourcing and Procurement practice. Further in a dynamic marketplace such as Australasia this will strengthen the top-end of our service offering in the strategic sourcing and category management functions. This will also enhance the competitiveness, spread of offerings and global reach for our clients."
Gavin Solsky, CEO of Portland Group Pty Ltd said, "We believe the combination of Portland Group and Infosys will provide our clients with a highly compelling proposition that does not currently exist in the sourcing and procurement services market in Australia. It will allow us to offer our clients a truly integrated and globally competitive solution to deliver procurement benefits in the most effective and efficient way possible."
Infosys said Portland Group's expertise in strategic sourcing and category management services is expected to complement Infosys BPO's global Sourcing & Procurement capabilities to create a market offering that will positively impact client's business efficiency and effectiveness.
Infosys BPO Limited was set up in April 2002 and now operates in India, the Czech Republic, China, the Philippines, Poland, Mexico, USA and Brazil and as of September 30, 2011 employed approximately 20,620 people. It closed FY 2010-11 with revenues of $426.8 million.