Archive for the 'PR' Category
Copal Partners to buy LPO firms
Filed under: Legal Process Outsourcing, PR | Tags: acquisitions, copal partners, Legal Process Outsourcing, lpo firms, PR
Comments(0) Knowledge Outsourcing firm Copal Partners is planning to enter the legal process outsourcing space through acquisition of existing LPOs in India. Joel Perlman, Copal Partners president said,
“We are in discussions with 10 LPO firms in India whose revenues are in the range $5-75 million. We hope to close one or two acquisitions this year.”
The Knowledge Process Outsourcing firm currently employs 500 people in Gurgaon, North India. It plans to nearly double its strength to 900-1000 people by the end of this year. The firm posted revenue of $ 33 million last year and aims to close the current financial year with revenue of about $ 50 million. Deutsche Bank, Merill Lynch and Citigroup together hold 25% stake in the KPO firm.
The LPO circuit saw the entry of Infosys, India’s second largest IT-firm, a few months ago. However, most of the players in the market remain small and mid-size players catering to a limited number of clients in North America and Europe.
