Monday, December 12 2005 15:35 Hrs (IST) - World Time -

Bangalore: Chennai-based contact centre and BPL service provider Allsec Technologies has acquired Bangalore-based B2K Corp. in an all cash deal.

Allsec has signed an agreement to acquire 100 per cent equity in B2K Corp, an integrated contact centre with a 600 seat, 51,000 sq. ft facility located at Whitefield here, from its existing shareholders and will take immediate control of its operations. The deal signed today is expected to be completed before the fiscal year 2006.

Founder and President of Allsec Adi Saravanan said the acquisition will be an all cash deal and though the structure has been agreed, the final consideration cannot be determined now and is contingent on the future revenues of the company in the coming months.

B2K is involved mainly in the technical support business. B2K also has a healthcare and analytics division, which Allsec is not pursuing, and this business will continue to be run in his personal capacity by Vivek Kulkarni, CEO of B2K and former Karnataka IT Secretary.

Lathika Pai, Founder and COO of B2K, will continue to run B2K operations for Allsec and will head the Technical Support Division of Allsec and will be based here.

Pai said, "Strategically, the deal with Allsec allows us to pursue large clients who have been waiting for us to have multiple sites, stronger financial backing, and a global sales and business development footprint".