Business Process Outsourcing News and Information

They have established the outsourcing firm together three years ago, the time when BPO and outsourcing fever could not reach the optimum level, but now, Barclays Bank and HDFC Bank have decided to sell their stake in Intelenet Global Services to SKR BPO services. This firm is backed by US private equity group, Blackstone. The deal has been sealed for an undisclosed firm.

What could be the reason behind this sell off?

Now that outsourcing industry is going super strong probably owners got a super offer for an unlisted firm

Or it may happen that going with the trend of other captive BPOs, Intelenet (it's not a captive center for any of the firms, but it certainly carry out processes for both HDFC and Barclays) is also sold when the market is at its peak.

To sum it up, make hay while it shines.

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