This move undoubtedly has surprised many industry pundits. For Chris Stone, the charming and somewhat adventurous CEO of Northgate this is an aspiring move that will fulfill his ambition of turning Northgate Information Solutions into world’s biggest payroll processing company. Indian outsourcing giants….are you listening?
The story goes like this. British pay roll and HR outsourcing company Northgate Information Solutions has acquired Arinso International. This Brussels (Belgium) based company has gave away 60% of its majority stake to Northgate for now. Shareholders approval is still due. And the remaining 40% shares will be divested on August 1 for $154 million. Arinso is a human resource service company enlisted with Euronext Brussels.
What this tie up meant for Northagte?
Northgate has been offering its own ranges of software. Now after uniting, these sub scale companies will enable Northagate to take a two tier approach thus targeting large customers with SAP based services.
Comment Preview