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Home -> Finance -> Full Story

US firm NEC Solutions keen to buy Indian BPO cos
Thursday, September 23 2004 22:00 Hrs (IST)

Chennai: NEC Solutions (America) Inc, a provider of integrated solutions for connected enterprises in North America, said on Thursday (Sep 23, 2004) that it was keen on acquiring business process outsourcing companies in India.

"We are keen on acquiring BPO companies to ramp up our activities in India. We have identified certain companies for acquisition and this may happen in the next six to 12 months," vice president (corporate planning and marketing), NEC Solutions, Yuji Ichimura, told reporters in Chennai.

NEC Solutions, an affiliate of $47 billion NEC Corporation of Japan, and Niteo Partners Inc, a consulting, solutions and systems integration subsidiary of NEC Corporation, have established Niteo Technologies (P) Ltd in Chennai to integrate offshore software delivery and BPO capabilities into its solutions business in the US.

"NEC and Niteo now have offshore capability required to quickly launch new and existing customers on high end enterprise systems, business intelligence, corporate performance management etc," Ichimura said.

The company could now provide its customers quicker and cost-effective solutions managed from the US, utilising offshore resources. "We can also support other global NEC divisions from our facilities in India in the future," he said.

In the past, NEC was operating through partners in India.

PTI



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